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gab13by13

(28,970 posts)

5. Not true, China owns 19% of our debt,

Mon Mar 14, 2022, 08:11 AM

Mar 2022

about $1.1 trillion
China owns about $1.1 trillion in U.S. debt, or a bit more than the amount Japan owns. Whether you're an American retiree or a Chinese bank, American debt is considered a sound investment. The Chinese yuan, like the currencies of many nations, is tied to the U.S. dollar.

Pressure needs to be put on China to not help Russia and not just from the US.

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Ukraine crisis: US warns China against helping Russia [View all] Celerity Mar 2022 OP

I don't think China cares Tickle Mar 2022 #1

They do care, though. Scrivener7 Mar 2022 #2

The economic impact on China would be significant. Ford_Prefect Mar 2022 #3

Empty warnings IMO Ferrets are Cool Mar 2022 #4

Not true, China owns 19% of our debt, gab13by13 Mar 2022 #5

That is also wrong, as the US National Debt is over $30 trillion now. Celerity Mar 2022 #8

According to your figures gab13by13 Mar 2022 #10

Half? No, and no, not 19 per cent either. Try around 3.5 per cent. Celerity Mar 2022 #9

What is 7.7 trillion divided by 1.1 trillion? gab13by13 Mar 2022 #11

that is not how you figure out the percentage, you have it reversed Celerity Mar 2022 #13

Let me preface that I may be an idiot, but blogslug Mar 2022 #6

I agree Casandia Mar 2022 #7

this Celerity Mar 2022 #12

Ultimately, as a huge trading partner w/us, I don't see much upside for China helping them themaguffin Mar 2022 #14