Besides holding an estimated one trillion dollars of US debt, China also launched its first aircraft carrier recently. Another interesting fact is that it was supposedly sold to China by Russia for $20 million.
http://www.euronews.net/ Satellite images have been published appearing to give a first glimpse of China's new maritime might. The aircraft carrier, China's first, is said to have been taking part in trials in the Yellow Sea. Beijing is seeking to boost its military power amid long-standing territorial disputes in the region.