You may also wish to consider that China possessing ownership of a large amount of the US debt is not conducive to China opening up an open war. There is enough historical evidence to show that financial penalties applied to losing countries as well sanctions as well other financial measures would provide the US a way to throw their entire debt into such a thing as wartime reparations resulting in an insta-fix to the US economy.
Given that all economies are ultimately linked, it is not really feasible for such a major world-wide economy such as America’s to simply be destroyed flat-out by a single nation (other than by America itself). That just can’t happen in a short time, though it is possible over a long period, slowly. But over that period America would have enough time to fight back and raise its economy by itself.
You have misinterpreted what I meant which is most likely my fault. I tend to be cryptic at times. What I meant by my statement is not that China would destroy America's economy, but rather that they would be providing an opportunity for America to repair its own economy (by means such as suggested above) if they (China) chose to engage in an armed conflict.
edit: of course the implication being that China utlimately lost said conflict
Edited by Stormynature, 02 March 2013 - 10:12 PM.