I am not comfortable speaking to this issue in face of what is currently going on in the United States and only offer my opinion as an observer of the principles of independence, that, that nation at one time sought in its self determination.
Loosing this Independence is to loose oneself and I see these tied together in how we would like to be the seeds of our own destiny under the auspice of working to become better human beings and a better society.
This picture was taken from Steve Hsu's site on or about February of 2005(correct date was) for a comparable feature of trade between the United States and Canada. This was referenced by me at one time to display the balance in trade, import and export between Canada and the United States.
Now what I want you to do is look at the trade balance between the United States and China. Now I want you to consider this. The United Sates wants to borrow 700 billion dollars from China? Now in face of the trade deficiency between these two countries what value could ever come of seeking to use "borrowed money" from China in face of that deficit?