[Panther Al]

The reason I feel that they won't go quite that far boils down to less militaristic considerations than economic: yes, technically they could call the debt: but most if not all are basically treasury bonds with defined limits as to when and why they can be called ahead of the time span given to them. Also, they have to know that even should they call them that doing so would cause serious harm to the chinese economy as well. After all, if they called them it would devastate our economy: it would make 1929's crash look like a small hiccup not even worth mentioning. That in turn would destroy imports; most of which comes from china and since the vast majority of china's economy depends on exports to the US that would also destroy china's economic balance. Which isn't to say they might feel it's worth the risk, they do have that communist model that tells them it's not that big of a deal. It all depends on how connected to reality china's senior ministers are.