China owes the United States approximately the same amount as we have borrowed from them. This doesn't factor in paying for this virus outbreak.
American investors financed in 1913 a vast railroad network build in the Republic of China. (or was it Empire of China back then?). They skunked the American bond holders claiming "we're not that country anymore" since they had a civil war iirc. That debt would amount to over $1 trillion today.
Then a few decades later we helped them finance WW2 and some other war i can't recall the name of. That debt consisted of like $20 million in bonds worth around $1 trillion today, and $500 million owed to the US Government which wasn't bonds so it didn't have gains like they did, but it would still amount to close to $3 trillion.
They were being annihilated by the Japanese by the thousands. If we hadn't entered the war when we had, China would've been lost just like much of Europe to Nazi Germany. Much of the world owes America a debt they can never repay.
China owes the United States approximately the same amount as we have borrowed from them. This doesn't factor in paying for this virus outbreak.
American investors financed in 1913 a vast railroad network build in the Republic of China. (or was it Empire of China back then?). They skunked the American bond holders claiming "we're not that country anymore" since they had a civil war iirc. That debt would amount to over $1 trillion today.
Then a few decades later we helped them finance WW2 and some other war i can't recall the name of. That debt consisted of like $20 million in bonds worth around $1 trillion today, and $500 million owed to the US Government which wasn't bonds so it didn't have gains like they did, but it would still amount to close to $3 trillion.
They were being annihilated by the Japanese by the thousands. If we hadn't entered the war when we had, China would've been lost just like much of Europe to Nazi Germany. Much of the world owes America a debt they can never repay.