DUMMY! China Does owe
From 1900 to 1940, the Chinese Government issued millions of dollars in sovereign debt, most notably, a large tranche of £25,000,000 issued at 5% in 1913 set to mature in 1960. This massive bond funded the modernization of China's infrastructure and was widely acquired at the time by governments, banks, and investors across the globe. However, in 1938 China defaulted on its "binding engagement upon the Government of the Republic of China and its Successors," leaving millions of global creditors unpaid. In accordance with the terms of the bond, successor government doctrine, and accounting standards, the United States can and should hold China accountable to its obligations.
The Chinese bonds in question are held throughout the world by treasuries, banks, companies, and over 20,000 private U.S. investors, many of which are active in seeking remuneration. Critically, the U.S. Treasury and Departments of Justice and State are understood to hold substantial portions of this Chinese sovereign debt. These holdings have not been fully cataloged nor has the U.S. Government moved to hold China accountable for its debt obligations.
American Bond Holders Foundation
Now I'm going to HELP you even further as simple math must be hard for you also..
£25,000,000 was worth in 1913 equal to in 2018 £2,801,713,928 or in US dollars $3,707,423,989
Now remember $3,707,423,989 (value of £25,000,000 in 1913) at 5% interest for 115 years (1913 -2018) worth $1,009,834,339,615.
No one was talking about paying the TRADE DEFICIT you idiot!
The USA owes China nearly $1.1 Trillion in national debt! IDIOT!
The idea is the $1.0 Trillion owes the US and Citizens would be washed by the DEBT the USA owes China!
Now I know why people like you believe the MSM!
I am going to say it again simple hopefully you'll understand!
A) China owes on Chinese Bonds issued in 1913 over $1.0 trillion in loans made at 5% to 20,000 private investors!
B) China OWNS nearly $1 trillion in US treasuries!
It is a wash!
DUMMY!