To professor Wu, I am surprised to hear you say China and Hong Kong cud be the next centers of possible financial turmoil. This sounds a little bit strange as the two spots must have accumulated foreign reserves close to over 1 trillion. If that is not enough to mitigate this financial threat, I wonder how many countries on this planet can counter-attack this crisis. Also, I m curious to know how much debt of China is owed to foreigners. If China’s debt is largely owned by its citizens, then the debt should not be a major concern. Well, before China could go down, you wud probably see Italy, Greece, Spain, Chile and Argentina go first. In fact, the most indebted country is Uncle Sam. How they pay off that is the biggest financial question faced by all Treasury Notes holders. Andrew An