China has been playing hot potato with those securities they issued back in the '90's and they have run out of people to pass them to. That may make them the most desperate nation in the world for all their apparent success. They next due date is drawing near and they will be in default unless something happens to cause it to be a moot point. That bothers me as much as anything. Any moment their military is going to be knocking on Taiwan's door and that will only be the opening gambit.