China in the process of continuous development, also has more advantages, and now international development and every country has intricate connections, in this global debt maze, China has also become the largest creditor, we with 2.5 trillion US dollars of financial bonds, has become the world's top spot, which has attracted a lot of attention, so among the four countries that owe the most money to the mainland, who is the first one?
The United States owes $1.18 trillion in debt to the mainland
This data has also beaten other countries, and it is well deserved that the United States is already the largest debtor of the mainland, and the data owed is equivalent to 7.5% of the mainland's total GDP in 2022, if they are put into a $100 banknote, it is enough to make the earth nearly 4 times, this data has also attracted a lot of attention, so why does the United States, which is strong in the eyes of everyone, have such a performance?
In fact, the deficit fiscal policy of the United States has been going on for many years, and under the same circumstances, everyone has some different views on the development of the United States.
In order to stimulate their economic growth, the United States has maintained a global militarized presence, and has been developing its deficit finances, and the mainland has become the largest overseas holder of U.S. Treasury bonds by virtue of its huge foreign exchange rate, and in fact, there are some different performances in bonds.
But judging by some of the current performance, it is actually difficult to achieve, and it is clear that the United States has no intention of doing so. In the largest holder of U.S. bonds, how we have fared in the future has also attracted a lot of attention, and of course it is not only the United States that owes China money.
Japan owes about $300 billion in debt to China
Ben's debt figures are also relatively large, and Japan's economy has been in a downturn for a long time, which is also inseparable from the quantitative easing policy pursued by the government.
In order to promote consumption, the Bank of Japan printed a large amount of money, which led to the depreciation of the yen, and they had to issue some government bonds to cover the debt in order to turn around the economy.
This has made China a buyer of their treasury bonds, and they used to draw the Asian tigers behind their backs, and now the economic development has become like this, which is indeed unexpected by many people, but after all, it has developed into such a change, and it is not so easy to change, and it is not easy to change the sky in a short period of time.
Venezuela owes the mainland $50 billion
China's economic development is in a relatively stable state, and there are some different performances under the same circumstances. In fact, China's economic development is still relatively eye-catching, Venezuela's economy mainly relies on oil for exports, and the fluctuation of international oil prices has also directly affected its ability to pay its debts, and their domestic situation is very turbulent, which also puts their economic development in a very unstable situation.
In order to maintain domestic development, they can only issue treasury bonds, which also makes China their buyer of treasury bonds, in fact, many people are curious why the country will take this way to repay when the economy does not develop, this is actually a way of national credit guarantee, compared with other things, national reputation is a better guarantee.
Pakistan owes the mainland about $30 billion
Pakistan and China have always had a good relationship, and we have grown up in the midst of suffering, so we will have more support for them, and in the same situation, the data will start to show a different picture, and Pakistan's debt is actually mainly for the implementation of infrastructure.
As an initiator of the Belt and Road Initiative, I have participated in Pakistan's debt problem, and economic development is closely related, and most of their debts are actually used to build these things.
The four countries that owe the most money to the mainland have now been listed, in fact, there are also some factors in development, and each country has actually made some corresponding decisions in order to have more development and improvement, and these countries will make China the largest debtor country, in fact, the main reason is that it has served the debt-driven economic model for a long time.
China obviously doesn't think like this, but this model also means that they put most of the economic transfer model in the hands of other countries, China prefers to take autonomy into its own hands, after all, each country has different considerations for development, so it is indeed understandable that such a situation occurs, but how to follow up on how to develop still needs more attention, at present, China is down-to-earth, no matter what kind of outcome we can accept.