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China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment? (thehill.com)

submitted 1 year ago by 52fighters@kbin.social to c/news@kbin.social

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Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

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[–] exohuman@kbin.social 0 points 1 year ago (4 children)

The USA is trillions of dollars in debt to China too.

[–] toxic@lemmy.world 1 points 1 year ago (3 children)

Exactly. It’s a mutual beneficial arrangement that’s made. If the US didn’t want this to happen, we shouldn’t have continued to utilize Chinese manufacturing after literally building them up.

We helped make China who they are today because of capitalism.

[–] TheChurn@kbin.social 0 points 1 year ago (2 children)

"We" didn't do anything. The shift to China for manufacturing was performed by private companies, not the state, and for economic reasons, not political ones.

[–] SnowboardBum@kbin.social 1 points 1 year ago (1 children)

Yep, and the corporatists made Nixon go to China to open it up. Cheap labor and no competition.

[–] Macabre@kbin.social 1 points 1 year ago

Are you trying to say China is better off pre-Nixon than they are now? I'm just trying to figure out the point of this comment...