The source of these huge US Treasury bonds is huge foreign exchange reserves. As far as China is concerned, foreign exchange was once a treasure, so we tried our best to save money. Suddenly, one day, we found that we had become big creditors. These foreign currencies are essentially endorsements of RMB, because domestic export enterprises have been converted into RMB.

As far as the United States is concerned, national debt is its way of life. Since the "present" dollar system, the Federal Reserve has issued US dollars through debt, which is owed not to China, but also to Britain, Germany, Japan and even Taiwan Province. During the Four Little Dragons period, Taiwan Province's US dollar reserves were ten times that of the mainland. Of course, it is more due to domestic financial capital and private capital in the United States. More than 8% of the buyers of US Treasury bonds are Americans, including top consortia, pensions and insurance, as well as ordinary people as deposits.

If the United States wants to destroy its national debt to suppress China, it is similar to burning down its own house to drive away renters. Do you think it can be done?