Traditional Culture Encyclopedia - Almanac inquiry - Which countries are China's biggest creditors?
Which countries are China's biggest creditors?
The United States is the country that owes the most foreign debts in the world, while China and Japan are the largest creditors of the United States, and the gap between the two countries' American debts is not big.
After the financial crisis, China appropriately reduced its holdings of US Treasury bonds. Japan once surpassed China to become the largest creditor in the United States, and now China is once again the largest creditor in the United States. In the last two years, the creditor countries of the United States have taken turns from China to Japan.
China now has abundant foreign exchange reserves (over US$ 2 trillion), of which the United States alone owes China nearly US$ 900 billion in national debt, while China's foreign debt accounts for just over 20% of its foreign exchange reserves. The foreign debt solvency rating is very high. Which country is China's largest creditor? This question is not easy to answer. Japan used to be China's biggest creditor, but that's all in the past. At present, before China's foreign debt was not much, it's hard to say who was the biggest creditor in China.
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