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The United States' national debt is a whopping 5 trillion dollars. Out of that 5 trillion the United States owes 1.3 trillion of it to China.

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βˆ™ 10y ago
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βˆ™ 14y ago

?US owes china a lot of money...about 3

trillion dollars (2009)

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Anonymous

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βˆ™ 4y ago

What we call today the People’s Republic of China is the successor to the Republic of China government, which came to power in Dr. Sun Yat-sen’s 1911 revolution that ended over 2,000 years of imperial Chinese rule. On the 100th anniversary of the 1911 revolution, the Communist Party leadership gathered in the Great Hall of the People, claimed credit, as they always do, for China’s progress since 1911.

The truth is that China built itself up by taking Western money and refusing to pay it back. China went to the world capital markets from 1912 onward and raised tens of millions of dollars in a series of syndicated financings of Chinese Government Gold Bonds underwritten by banks from all the major industrialized nations of the world, including J.P. Morgan, Deutsche Bank, HSBC and the predecessors to Lehman Brothers and Citibank. China was then considered a close ally of the United States and thousands of American families did their patriotic duty by supporting our then-friend China by buying the bonds. These 60-year bonds require repayment by China in gold with liens on Chinese tax revenues as security.

What we call today the People’s Republic of China is the successor to the Republic of China government, which came to power in Dr. Sun Yat-sen’s 1911 revolution that ended over 2,000 years of imperial Chinese rule. On the 100th anniversary of the 1911 revolution, the Communist Party leadership gathered in the Great Hall of the People, claimed credit, as they always do, for China’s progress since 1911.



The truth is that China built itself up by taking Western money and refusing to pay it back. China went to the world capital markets from 1912 onward and raised tens of millions of dollars in a series of syndicated financings of Chinese Government Gold Bonds underwritten by banks from all the major industrialized nations of the world, including J.P. Morgan, Deutsche Bank, HSBC and the predecessors to Lehman Brothers and Citibank. China was then considered a close ally of the United States and thousands of American families did their patriotic duty by supporting our then-friend China by buying the bonds. These 60-year bonds require repayment by China in gold with liens on Chinese tax revenues as security.

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Q: How much does the us owe china?
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Related questions

How much does China owe us?

?US owes china a lot of money...about 3 trillion dollars (2009)


How much debt does the US owe china?

2 trillion dollars


How much money does the us owe itself?

None. The US owes other countries, like China, money that they have loaned to us.


Is the US richer than China?

No, China is richer than the US because China has a much better economy.


How much money do you owe to china?

3.50


Who else does the US owe money to besides China?

I think they owe money to pretty much every country in the world (sorry if this doesn't help). Heck, they probably owe money to you with the gov'ts debt in the trillions


How much money does the US owe to china?

As of July 2014, the estimated amount of money owed to China from the United States is 17 trillion dollars. The US owes China more than any other country.


Does china owe the us money from World War 2?

millions


Why do we owe china so much money?

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.


How much money does Australia owe China?

78 billion dollars


By the year 1789 who specifically did the US owe money to?

india, china, madagascar, mars and mercury.


How much money does Cuba owe to the US?

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