Shuaibkazi, again what is your read on that deal? Why it can’t happen to any of these purchases? There are hundreds of ways these things can be controlled which mostly favors the holding countries to benefit more.
China may be holdings trillions of dollars of treasury, but they can't pull out . It is china which going to be affected the most.
Also this sub -prime is a temporary phenomenon, will pass out after certain period. But what is important is the way western economies operate. As long as they operate with highest efficiencies, innovate, flexible and dynamic (most of the inventions and discoveries), they will be least affected.