Well genius, do you know the difference between external and internal debt? I suggest you go check this out first before talking. It seems to me you are pretty ignorant on how the world works. Read first before talking.
I never said ALL Chinese are rich, I am saying alot of Chinese are middle class now and consuming alot. Alot are also. rich. US is spending on borrowed money from China. And yes we ARE THEIR LARGEST CREDITOR. China is the second richest country on earth, but we also have the largest population. We are on a different league compared to weak countries like Vietnam. You end up as either a US bitch or ours.
Just like US can print dollars, we can print yuan. As long as our economy is growing, debt is needed to service that growth. The moment debt is zero, the economy collapses.
If you don't understand this concept, there is no use talking.