U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia’s Vladimir Putin to “be careful” because Beijing relies on Western investment.
U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia’s Vladimir Putin to “be careful” because Beijing relies on Western investment.
The former Chinese government (now kmt in taiwan) took a loan like 80 years ago. after the war, the PRC and the USA both just kinda assumed China wasn’t ever going to pay.
For a while there USA maintained that the KMT was the government in exile, but with normalization with the PRC, that all kinda got swept under the carpet.
The US debt held by China today, is the same as other countries are holding. People need to believe this will be one day repaid and profitable.