Economics Homework Help. ECON 488 Upper Iowa University China US Debt Discussion Question
I?m working on a international economics discussion question and need an explanation to help me learn.
“Economics Homework Help”,
“text”: “Economics Homework Help. ECON 488 Upper Iowa University China US Debt Discussion Question
I’m working on a international economics discussion question and need an explanation to help me learn. I think we’ve all heard politicians say that China “owns” the United States. To what extent is that true? According to an article on TheBalance.com:”The U.S. debt to China is $1.18 trillion as of February 2018. That’s 19 percent of the $6.29 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $21 trillion national debt is owned by either the American people or by the U.S. government itself.” [1]Should we be concerned that China owns over $1 trillion in U.S. financial assets? Or should we worry that foreign countries own over $6 trillion in total? What are the implications on the U.S. economy? [1] Amadeo, K. (n.d.). How Much Does the U.S. Owe China? Retrieved from https://www.thebalance.com/u-s-debt-to-china-how-much-does-it-own-3306355 Economics Homework Help”,
“answerCount”: 1,
“dateCreated”: “2022-03-10”,
“acceptedAnswer”: {
“@type”: “Answer”,
“text”: “Here is the solution for your q…”,
“dateCreated”: “2022-03-10”,
“url”: “/economics-homework-help-7666/”
}
}
}
I think we?ve all heard politicians say that China ?owns? the United States. To what extent is that true? According to an article on TheBalance.com:
?The U.S. debt to China is $1.18 trillion as of February 2018. That?s 19 percent of the $6.29 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $21 trillion national debt is owned by either the American people or by the U.S. government itself.? [1]
Should we be concerned that China owns over $1 trillion in U.S. financial assets? Or should we worry that foreign countries own over $6 trillion in total? What are the implications on the U.S. economy?
[1] Amadeo, K. (n.d.). How Much Does the U.S. Owe China? Retrieved from https://www.thebalance.com/u-s-debt-to-china-how-much-does-it-own-3306355
Economics Homework Help
