The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

  • Logi@lemmy.world
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    1 year ago

    If China is in default and no one cares

    And if China is in default and people start to care?

    You’re making a circular argument. Never mind this because nobody cares so we should all not care.