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The US does not specifically borrow from China. What happens is that after approval by Congress, the Treasury Department offers bonds for sale and foreigners are allowed to buy them if they wish. They are sold at auction. The president has nothing to do with who buys the bonds. Bonds can also be resold and transferred to new owners. Therefore, it is hard to know who owns them or when the first Chinese national bought a US bond. However, it is known that until 1972 or so, foreigners owned less that 5% of US treasury bonds, so Nixon would be a reasonable guess as the first president who started "borrowing" from China.
The presidents does not directly sell bonds to anybody. The US treasury , at the direction of Congress, offers bonds for sale from time to time to the highest (in terms of interest rates) bidders. It is hard to know whether the bidders are Chinese. However, relations with (Red) China were not established until Nixon was President so it is unlikely that the Chinese bought US bonds before Nixon.
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First Vice-President who had to take over as President was?
The first vice president to take over office was John Tyler.
Who was the first president to take office on the inaugural date specified by the Twentieth Amendment?
Franklin Roosevelt was the first president to take office on the inaugural date specified by the Twentieth Amendment.
Was President William Henry Harrison the first President to die while in office?
Yes ,William Henry Harrison was the first president to die while in office. He died in the White House after catching a cold.
What was Eisenhower first political office?
President of the United States.
The first american president to visit communist china was?
Richard Nixon.
What were some of Richard Nixon's famous first's?
He was the first President to travel to China, and the first President to resign from office.
What year was the first president in office?
The first US president took office in 1789.
What President died in office in his first year?
William Henry Harrison was the first president to die in office. He died after a month in office.
First president married while in office?
The first president to get married while in office was John Tyler. John Tyler was also the first president to have his wife die while in office.
Who was the first president of the new republic of china?
Sun Yat-sen was elected as the first "provisional president" of China.
Who was the US President and Vice-President who died in office?
William Henry Harrison was the first president to died in office and the first vice president was George Clinton.
Where was the first place president Nixon went when he became president?
Richard M. Nixon was the first US President to visit China. He was also the first to visit Russia.
Is there a computer in the oval office?
No, there is not a computer in the United States President's Oval Office. President Obama will be the first President to have a computer in the Oval Office.
Who was the first president who died in office?
John Tyler was the vice-president who moved up to President when William Henry Harrison became the first US president to die in office.
What did the president Franklin d roosevelt do that no other president would do?
He was the first president to be elected to a third term.He was the first president to give a Presidential Speech on TV.He was also the first president to travel on official business by airplane.
Why did the first president take office?
The first president took office to govern his people, and prevent the colonialists from further torturing his citizens.
What was President Nixon was the first president to?
President Nixon was the first president in American history to resign. After five years in the White House that saw the conclusion to the U.S. involvement in the Vietnam War, détente with the Soviet Union and China, and the establishment of the Environmental Protection Agency, he became the only president to resign from the office.
