Here's a video of Chinese rioting over a disputed island that is also claimed by the Japanese. These islands are valuable, not because of the beautiful scenery, but because of the oil that lies beneath them.
China has also expressed clear warnings over the $1.3 trillion in Treasury bonds that is owed to China by the United States. My experience in China has taught me that most fights in China are started over money and people feeling dishonored by not receiving their money.
In my opinion, the US is playing with serious fire by adding to this debt every year, rather than balancing the budget.
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