 cables show china used debt holdings to press us when a country is heavily in debt with another country holding a large proportion of its debt the potential for the lending country to have an undue influence on practices and policies of the debtor county exists and with china a communist dictatorship holding a large proportion of us debt one has to wonder is china using their holdings as a way of influencing the us apparently communications leaded by wikileaks implies that it did will the inability of the us government to keep its debt in check open the door for more pressure from the chinese how could this impact the us economy read more at  wwwgooglecom hostednews afp article aleqm5h38wswdlg6gksgnaxzkrozq0tga 39  cables show china used debt holdings press  