politics @lemmy.world · 1 year ago

China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?

thehill.com

China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?

thehill.com

mainaccount@lemmy.world to

politics @lemmy.world · 1 year ago

Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

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1 year ago
if you owe your bank manager a modest debt you are in his power; if you owe a huge debt, he is in yours.
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  I bet china will change addresses without updating their forms.

politics @lemmy.world

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