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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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.
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.
The US owes over $16 trillion to other countries. India is owed about $53.9 billion. China is owed the most at $1,8 trillion.
It was France and I believe Netherlands. Hope this helps!
55 billion going on to 56
China