i thought it was interesting that Chinas ability to punch the US on debt default had seemed to be reduced to a wet slap based on a thread a week or so ago.
Essentially the Chinese governmnet weakly backed away from direct accusations of US debt default by allowing a little known Chinese ratings agency to say the currency fluctuations meant it was "like" the US were defaulting.
To me it sounds like China has more to lose than the US by any dragging delays on QE3. If the debt is owed in USD i can see why.
Who would have thought the US has the Chinese by the short and curlies post QE, but i guess that's a general rule of the larger debtors sometimes wagging the dog.
Welcome to your first major Capitalism play China!
