NPR: Will China Dump U.S. Debt?

"With the political clash over the U.S. debt ceiling in full swing this week, I’ve been inundated with people asking variants of the same question: with the U.S. in (temporary) danger of defaulting, will China, which holds at least $1.2 trillion worth of U.S. Treasuries, finally get fed up and dump its share of the U.S. national debt? It certainly sounded that way, with the official People’s Daily condemning Congress’ handling of the debt crisis as “irresponsible” and “immoral,” while Chinese diplomats urgently pressed their American counterparts for reassurance..."

at http://chovanec.wordpress.com/2011/07/31/npr-will-china-dump-u-s-debt/