US Debt held by China Drops to Lowest in 12 Years.

7-18-2022

FINANCE
US debt held by China drops to lowest in 12 years.

The total U.S. debt held by China has reportedly dropped to its lowest rate in 12 years, according to data released by the Treasury Department.

The data published Monday found that China’s holding of U.S. debt dropped to $980.8 billion in May, down $23 billion since April.

CNBC reported that this is the first time since 2010 that China’s debt holding has fallen below the $1 trillion mark. The news outlet added that the drop can be attributed to China’s government working on issues to diversify its foreign debt portfolio.

A drop in the bucket. BFD.

What's more important, is that China doesn't have full faith in the U.S. government anymore.

Temple wrote:

The Wise And Powerful wrote:

A drop in the bucket. BFD.

What's more important, is that China doesn't have full faith in the U.S. government anymore.

Thanks to trump and his co-conspirators to destroy our democracy,
I can understand that..

I'm sure you meant to say Biden, not Trump.

The Wise And Powerful wrote:

Temple wrote:

The Wise And Powerful wrote:

A drop in the bucket. BFD.

What's more important, is that China doesn't have full faith in the U.S. government anymore.

Thanks to trump and his co-conspirators to destroy our democracy,
I can understand that..

I'm sure you meant to say Biden, not Trump.

No, absolutely not. I am right on and meant to say trump.
Obi-- have you had covid??

Temple wrote:

The Wise And Powerful wrote:

Temple wrote:

The Wise And Powerful wrote:

A drop in the bucket. BFD.

What's more important, is that China doesn't have full faith in the U.S. government anymore.

Thanks to trump and his co-conspirators to destroy our democracy,
I can understand that..

I'm sure you meant to say Biden, not Trump.

No, absolutely not. I am right on and meant to say trump.

Biden is in charge. Trump is long gone, and China held more than a Trillion of debt every year he was in office.

CNBC wrote:

CNBC reported that this is the first time since 2010 that China’s debt holding has fallen below the $1 trillion mark.

https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp

Quote :

Obi-- have you had covid??

I've never had covid - what does that have to do with China???  Why change the subject matter??

BTW - I tested negative. Happy now???

The Wise And Powerful wrote:

Temple wrote:

The Wise And Powerful wrote:

Temple wrote:

The Wise And Powerful wrote:

A drop in the bucket. BFD.

What's more important, is that China doesn't have full faith in the U.S. government anymore.

Thanks to trump and his co-conspirators to destroy our democracy,
I can understand that..

I'm sure you meant to say Biden, not Trump.

No, absolutely not. I am right on and meant to say trump.

Biden is in charge. Trump is long gone, and China held more than a Trillion of debt every year he was in office.

CNBC wrote:

CNBC reported that this is the first time since 2010 that China’s debt holding has fallen below the $1 trillion mark.

https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp

Quote :

Obi-- have you had covid??

I've never had covid - what does that have to do with China???  Why change the subject matter??

BTW - I tested negative. Happy now???

Yes- knowing you are safe/good, I'm ok..