China holds 26% of all *foreign held* debt. Not 26% of ALL US Debt.
So... all of their asses seem to be in the realm of 8% (or less, generally).
Fair enough I may have been confusing the two. Still though, perhaps we should start paying that 16.8 trillion rather than burying ourselves in more of it. Granted that would make too much common sense for the current crop of polititians (both R and D) to put into action.