Is China's economy in trouble?
Is China's economy in trouble? An erosion of trust between the government and its people now threatens the country's decades-long boom. China's economy, the world's second largest, is facing its most serious setback in a generation. During the past two years, economic growth appears to have been cut nearly in half.
How much does the US owe China?
China is one of the United States's largest creditors, owning about $859.4 billion in U.S. debt. 1 However, it does not own the most U.S. debt of any foreign country. Nations borrowing from each other may be as old as the concept of money.
Is China overtaking US in economy?
China may never become the world's largest economy now, Bloomberg Economics says. Forecasters expect its GDP to briefly pass the US's in the mid-2040s, before falling back behind. Beijing has struggled to revive growth and shore up its crisis-hit property sector this year.