Official or public available info on those Chinese debts are a couple hundred mils. Yes these are peanuts. But unofficial numbers are several magnitude higher even extremely likely Chinese authority unaware of (2008 showed that US government had no clue how bad it was back then which even AIG almost gone). It is basically the iceberg sinking Titanic in the remaking now on Chinese financial front. Also, when USD start to rise, regional currencies tend to slide...millions and millions middle class people will participate to buy USD as the new inflation hedger like gold (which will be underperforming during the short sequeeze situation). The only thing that will stop this is Chinese government printing money more than Barry did in his terms (basically spreading those debts indirectly pay by citizens).