When will America pay there debt to China?
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The Chinese sell a lot of merchandise in the United States and, in the process, accumulate a lot of dollars. They then loan many of those dollars back to the United States in exchange for all manner of American i.o.u.'s, including Treasury bonds, federal agency bonds, and private-sector debt.America's indebtedness to China, as a result, is staggeringly high, although the Bush administration - which needs foreign loans to help finance the budget deficit - seems unfazed. But there is reason for pause. The Wall Street Journal reported this week that China's holdings of foreign currency and securities would soon top $1 trillion, a fivefold increase since 2000. Roughly 70 percent of that is believed to be in dollars or dollar-based assets.For several years, China's loans have helped to keep prices and interest rates low in the United States, and to finance big tax cuts. so why dont they pay there debt so the world's largest army can finally modernize
When will America pay there debt to China?They'll never pay China back. Stupid American capitalists.
When will America pay there debt to China?America will pay when the Chinese come to collect. I hope you can learn to speak Chinese so you can deal with the new overlords.
When will America pay there debt to China?Why bother paying when you can roll over? In 2007, you sell a 30-year bond due in 2037. In 2037, you can sell another 30-year bond due in 2067. As long as you can afford the interest, you should be able to sell the paper... So who owns the bonds (be it Bank of China, British Rail pension fund, or Granny Smith) is irrelevant; the important issue is how many of those bonds are out there...
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