I'm confused. Who owes who billions? The U.S. or China?

I see conflicting stories:

The first group thinks one thing while the other thinks another way.I still see conflicting reports on the internet/news, so what's right?

16 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    Countries That Own the Most U.S. Debt

    Japan $585.9 billion

    China $541.0 billion

    United Kingdom $307.4 billion

    OPEC Nations* $179.8 billion

    Caribbean banking centers** $147.7 billion

    For a complete list of U.S. creditors, click here.

    *Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, U.A.E., and Venezuela

    **Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, Panama, and British Virgin Islands

    Source: U.S. Department of the Treasury/Federal Reserve.

  • Datx
    Lv 6
    1 decade ago

    America owes the Chinese over 500 billion dollars (Similar debts are owed to the Japanese and Germans). America is running a deficit and week that increases by a billion dollars. The only reason the Chinese don't just ask for their money back, is because most of their revenue and trade is with the US. That is the situation.

  • 1 decade ago

    The U.S owes 10 trillion dollars to China.

  • maxmom
    Lv 7
    1 decade ago

    We owe more to China and middle eastern lenders than most people would care to know.

    Bush had to have discussions with them to insure they do not use it against us for their own political gain.

    That said, China and the US are mutually dependent, financially. It is not in China's interest for our economy to fail.

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  • 1 decade ago

    America owes a LOT of countries money.

    I think we own the most to China, though.

  • 1 decade ago

    the US owes china billions of dollars for numerous reasons

    Source(s): social studies class
  • Anonymous
    1 decade ago

    America owes the Chinese billions.

  • Anonymous
    1 decade ago

    The US owes the money to China.

  • 1 decade ago

    the truth is that the u.s. owes billions of dollars to china

  • Anonymous
    1 decade ago

    The difference is an 'n'

    US owes China

    China owns us

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