China's Real Estate Collapse
At the heart of the decline in family wealth is China's real estate meltdown, which is having a pervasive effect on a society where 70% of family assets are tied up in property.
Towards the end of last year, 34 of the top 50 Chinese property… pic.twitter.com/owUbTR8RjW
— Reef Insights (@ReefInsights) February 27, 2024
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China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?
BY ANDREW HALE, OPINION CONTRIBUTOR – 07/04/23 7:00 AM ET
Every country should pay its sovereign debt. Default, we are told, is not an option. But has anyone told China?
The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.
Successive U.S. administrations have chosen to sidestep this fact, allowing business and trade with China to proceed as normal. Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit this appalling failure of justice.
China is in default on $1 trillion it owes US citizens and Washington does nothing.
That means China owes us more than we owe them. Yet they don't pay a dime of interest while we send $50 million a day to China.
The debt comes from gold bonds when the Communists took power.… pic.twitter.com/YqE7dGUlWd
— Peter St Onge, Ph.D. (@profstonge) April 8, 2024