China doesn’t own as much debt as people think.
Fed Now Largest Owner of U.S. Gov’t Debt—Surpassing China
How much does China hold then?
Meanwhile, as of the end of this September, entities in mainland China owned $1.1483 trillion in U.S. Treasury securities
I think it’s valuable to remember here: Out of 15 trillion of national debt, China holds less than a tenth.
On the subject of China:
Larry Lang, chair professor of Finance at the Chinese University of Hong Kong, said in a lecture that he didn’t think was being recorded that the Chinese regime is in a serious economic crisis
China is really not as sound as people hope, no system like it ever is.
Fourthly, that the regime’s officially published GDP of 9 percent is also fabricated. According to Lang’s data, China’s GDP has decreased 10 percent.
China has gone as far as it has because of social infrastructure which allowed the central government to do more than a european model would have. The fundamental issues remained. A funny part to me is the western obsession with organic, bio-fuels and anthropocentrism-warming ‘theory’ is really undermining China (do what you want for yourself, but don’t force it on everyone else). The increases in costs for necessities wrecks systems like China is trying to balance (and doomed to fail at because of the corruptibility of humanity).
China is going on a building spree because of the un-affordability of housing for their working and middle classes; government bureaucrats who contributed to the hyper-inflation of housing will of course still have their fingers in it.
China is trying to set up food banks to fill in shortfalls for their lower classes to avoid social instability caused by hunger which is expected due to food prices inflating.
As an aside, it’s always funny to realize who buys US bonds.