China warns the U.S. by Chris Martenson China is sending clear signals that it will consider a breach of obligations by the US on its debt to be, well, catastrophic. "For us, or for them?" one wonders. At any rate, the $376 billion in agency debt held by the Chinese could buy a big swath of U.S. corporate assets. China warns the U.S. by Chris Martenson China is sending clear signals that it will consider a breach of obligations by the US on its debt to be, well, catastrophic. "For us, or for them?" one wonders. At any rate, the $376 billion in agency debt held by the Chinese could buy a big swath of U.S. corporate assets.