Oh no not the big bad Japanese buying up America.
Er.. I mean the Chinese. How will we ever survive?
Zzzzz...
Thank-you for submitting the "useful idiot" perspective on this issue.
Didn't we just see this article about Japan in oh, say 1987? This is like the perennial "The Great Depression of the 1990's" book. Sure, it could happen, if everything went right for China and everything went wrong for the United States.
However, one trip to Hong Kong or Shanghai and Chan will not be very happy back on his Manchurian farm with his $20.00 a week standard of living. If China wants to run with the big dogs, its gonna have to feed its pack and that will be increasingly expensive.
In my estimation, a country that supports free enterprise, curbs taxation on entrepreneurship and supports higher education will always be a pitri dish for success. If China can do that, great. If not, then don't count on China sailing forward trouble free for long.