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Saturday, May 24, 2014

How Much US Debt Does China Own? [you be surprized!]

Although it is the largest of the United States' overseas creditors, China
owns just 7.6% of the US national debt.

The US national debt is more than $17 trillion US Dollars (USD), or roughly
equal to the country’s gross domestic product (GDP), and China owns about
7.6% of it, or more than $1.2 trillion USD. China is the largest overseas
creditor of the US. Japan is the next-largest overseas creditor, and it
owns about $1.1 trillion USD of the US national debt. More than one-fourth
of the US debt is actually owed to its own federal government, such as the
Social Security trust funds and the Federal Reserve.
Read More: http://www.wisegeek.com/how-much-us-debt-does-china-own.htm?m

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