That is true, with the huge market that is the US China is very much reliant on it to continue developing and growing at the rate it is dokng now, it’s not just the debts that would hold them back from it. But still, if one would cut out the other it would be China who’d recover a lot quicker.
Also adding to the debt issue, our world is very much run on debts and anything that would try to disturb this delicate balance definitely would bring chaos. There is a reason the US went off the gold standard, couldn’t allow the French upset the power of the US dollar or set a precedent for others thus potentially killing the US’ economy.
To be fair we also have a lot of THEIR debt as well, we mutually hold each other’s balls.
China will never call for immediate repayment because we could do the same thus ruining both nations economies
That is true, with the huge market that is the US China is very much reliant on it to continue developing and growing at the rate it is dokng now, it’s not just the debts that would hold them back from it. But still, if one would cut out the other it would be China who’d recover a lot quicker.
Also adding to the debt issue, our world is very much run on debts and anything that would try to disturb this delicate balance definitely would bring chaos. There is a reason the US went off the gold standard, couldn’t allow the French upset the power of the US dollar or set a precedent for others thus potentially killing the US’ economy.