People would afford fewer imports, pretty much.

You'd think "China makes everything" but they do need raw materials and fuel. They also import a lot of food, not sure how necessary it is.

So the smart thing to do is invest heavily into poor but resource rich countries in Africa.

Public debt = all loans to the government of a country

US Federal Debt = all loans to the US Federal Government (which excludes loans to state and local governments).

Private Debt = all loans to non-governmental entities (individuals/businesses/corporations) in a country.

In China there really isn't a difference - the Communist Party is partial owner of ALL "private" corporations.

If party owned Evergrande they don't need to have three red lines drama

No one knows, but I think it means we're going to see a massive deleveraging event in both China and the US. But maybe we can all keep kicking the can indefinitely. Who knows?

If Chinese are looking for alternatives to collapsing domestic investment, I don't see how they do that at the scale they need to without leaning further into US bonds, whether directly or via Chinese government using it to back up domestic offerings.

Do you think this would put us (the US) in a stronger strategic position going forward?

It seems like the music has to stop eventually for Chinese growth, especially since the differential between "real" GDP and reported GDP is likely larger than even this seems.

If they lean into US bonds, wouldn't that weaken their strategic position? I'm not sure they'd be willing to do so.