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.
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.
Not in any way, shape or form connected to the current microelectronics and raw material fight between the two countries, right? Right?
Probably more related to the fact that China’s economy is in the gutter and they can’t.