If the progression is corrct then by 2020 the debt holdings of china will cross over 2 Trillion and that is where US should be alarmed. Thier economy nd budjet of last year were roughly around 3 trillion.
The Chinese work hard, get their environment polluted to produce goods for the US. The US buys the goods and gives them paper money, which the CHinese cannot use. Because if they start selling the dollars, the value of the dollar will collapse. The Chinese will not let their currency appreciate so they will continue to sell goods at artificially low prices and accumulate a lot US dollars which will be worth less over time.
what is US treasury debt ? is US in debt than how come it is providing good life to all citizens. Is china giving US money to run ? can someone explain ?
US economy is in very bad condition.All that glitters is not gold.The US is surviving on the Credit being given by countries like China and Japan.Even India is having trade deficit in bilateral trade with China.It reflects that Chinese economy is fundamentally very strong and decider of world economy today..
