The national debt in China is very high. It is roughly 14.6 trillion yen. When that number is converted to USD, the number is roughly 2.3 trillion dollars.
The Republic of China has the most government money. It has positive money flow while U.S. is in negative. The u.s. has lots of debt and China has cleared most of it's debt. U.S.'s debt comes near 14 trillion dollars.
No. What China buys US debt in exchange for both US Bonds and US Dollar currency. They use the latter to create a fixed RMB to USD peg and the former is the debt that they continue to hold.
Because the Opium wars left China in debt and they had a hard time recovering.
There is no such thing as a 'China dollar'. The currency of China is a 'Yuan'.
The national debt in China is very high. It is roughly 14.6 trillion yen. When that number is converted to USD, the number is roughly 2.3 trillion dollars.
2 trillion dollars
US foreign debt is now over 4.5 trillion dollars a year. China holds a majority of the US foreign debt.
China pretty much owns the United States because we are in so much debt with them. If their economy drops, Americans will be out on the street.
Catholics are pretty much like everyone else when it comes to china... we want to get out of debt!!!
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No, China is richer than the US because China has a much better economy.
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Because the US spends far more each year than it takes in. That is called the deficit. Every year that we have a deficit, we need to borrow money to make up the difference. That is called the debt. Much of that loaned money comes from China, or the debt was assigned to China by whoever the US borrowed from. Since we're living on borrowed money, we have to owe someone. China is one of those someones.
18.23 trillion yuan
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