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I mean both the US and China have slaves in their country but have big heavy political dicks they swing around to make it less talked about. We're both "bad people".
The US owes China a fuck ton of money.
When bad folks have people in their debt and need money, they do bad things to collect their debt.
China isn't gonna get poor watching the US squander the ~trillion of dollars they loaned us without a fight.
Maybe if we, idk, taxes our billionaires? Nah, 'too difficult'. Okay, so war then? Great.
The USA debt to China is, I think, part of foreign policy. It keeps China at the table and they'll never be able to break from globalism/the west cleanly because of it. If they ever invaded Taiwan, which I don't think is likely, the USA would wipe all foreign debt to China as part of the sanctions package. You have to play nice (nice enough) if you want your money back.
China still cool you pay later!!