How is China buying our debt if they are one of the poorest countries on earth?
China is supposedly buying more than 1 trillion of our current debt. I am aware that we have a trade deficit but it is no where near that amount. So how are they buying our debt? Or are they?
Categories: Debt Consolidation Tags: china, trade deficit, trillion
External Debt: What is the composition of America’s external debt and to whom is it owed?
I know the US external debt is around 12 trillion, but what is the composition of the said debt? Treasury securities? What?
And second, does anyone have figures for who owns this outstanding debt? I have heard for example that China owns anything from 400 Billion to over 1 trillion. Does anyone have definite figures of these?
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Categories: Debt Consolidation Tags: china, composition, external debt, treasury securities, trillion