Not exactly accurateThe Chinese don’t need to have a physical war to beat the US, they are doing it through economics, have been for years, they already own 1.1 trillion of US debt and it will seemingly never stop climbing. As the past year has proven, North America is dependent on China for the majority of cheaper finished goods and manufacturing that left the US isn’t coming back. As long as people want a large variety of cheap goods, the US will never have a full blown war with the Chinese.
they own 1.1 trillion of the released debt (4.6%), Japan owns more(5.2%), the other big three is Brazil, UK and Ireland of the foreign owned debt.
the US owns the largest measure, 6 Trillion in trust funds the federal reserve owns 3 times as much as china