Fox News reported that China is beginning to own the United States financially by owning so much of the Obama Administrations massive debt and collecting the subsequent massive cash money interest payments.
China has $900 Billion invested in US Treasury bonds. Treasury bonds are how the US borrows money. They issue government securities which other countries and institutions buy.
The balance of power is shifting militarily as well with China’s developent of the Dong Feng 21-D missile Kill Weapon system which may have the capability of destroying a Supercarrier aircraft carrier up to 1800 miles away.
China has become a military superpower and the USA can no longer simply assume naval supremacy as it has since the end of World War II.