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There is only 780.2 billion US dollars of US debt left. If China goes further, the United States may face bankruptcy

2024-08-19

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Does the United States really think it can continue to push its limits? Against the backdrop of global economic turmoil, the debt and financial relationship between China and the United States has become so confusing, coupled with ongoing political friction. What is the truth?

Let's talk about the numbers first - a huge 780.2 billion US dollars. This is not an ordinary number, but the total amount of US debt held by China! In other words, the United States owes China more than 100 billion US dollars. For a superpower that has always advocated fiscal freedom and economic leadership, this huge debt is indeed a bit embarrassing. What's more ironic is that despite the United States' heavy debt, its economic and political provocations against China seem to have never stopped.

Why would the United States still seek to challenge China economically? In fact, the total debt of the United States itself has reached a staggering 35 trillion US dollars, which is almost on the verge of financial bankruptcy. Not only did China not take this opportunity to oppress the United States, but it also increased its holdings of US Treasury bonds by 15.2 billion US dollars this year, seemingly trying to prevent the further deterioration of the US finances.

There are obviously deeper strategic considerations here. Xie Feng, China's ambassador to the United States, once pointed out that hostility between China and the United States will only lead to a lose-lose situation, and win-win cooperation is the right choice for both sides. However, some American policymakers do not seem to have fully listened to such advice, still regard China as the most important strategic competitor, and try to curb China's development through economic and political suppression.