"For China, too, this crisis has been a time of reckoning. Americans are buying fewer Chinese DVD players and microwave ovens. Trade is collapsing, and thousands of workers are losing their jobs. Chinese leaders are terrified of social unrest."<p>That is the worry on the Chinese side.
The real problems are coming when China wants to cash their bonds to fund their $500b infrastructure rebuilding projects and the US simply can't pay up.
those pesky chinese! The economy didn't tank because we didn't save enough, it's their fault for saving too much and ramming their money down our throats. </sarcasm>