This is what happens when you borrow more money then your nations savers can supply. I can’t really get behind blaming China in this case. Who else are we going to borrow the money from? Oil states are hit hard by lack of revenue. Europe is doing worse then we are on some measures. Third world don’t have money. And when you run a fiscal deficit in translate into the trade balance. China’s Surplus is Rising Rapidly. So is the U.S. Deficit.