What country owes the most to China?

Which country owes China the most?

In absolute terms, Pakistan tops the list of Chinese debtors, owing $22.6 billion—almost a sixth of its $130.8 billion external debt. Argentina follows with $21.2 billion of its $266.2 billion external debt, and Angola owes Beijing $17.9 billion of its $57 billion external debt.

Which country owes the World bank the most?

India takes the top spot. The world's most populous country owed $39.3bn to the WB at the end of 2023, up by $1.03bn from a year earlier but down from $39.7bn at the end of 2021. India's outstanding balance with the WB is almost double that of the next biggest debtor, Indonesia, which owed the bank $22.2bn.

Does the US still owe China money?

America owes China about $1 trillion dollars. Until we balance the US budget and pay down our debt, China's ownership of 7 percent of the national debt will continue to give it a vested interest in America's prosperity, not leverage to do us harm.

What happens if the US doesn't pay debt to China?

It would lead to a major crisis of unemployment due to the loss of export business. China wants to keep its goods competitive in the international markets, and that cannot happen if the RMB appreciates.

Which Country Owes China the Most? Top 20 Revealed!

What country owns most of our debt?

How much is China in debt?

Key information about China National Government Debt

China National Government Debt reached 4,230.0 USD bn in Dec 2023, compared with 3,750.7 USD bn in the previous year. China National Government Debt data is updated yearly, available from Dec 2005 to Dec 2023.

Can China call in the US debt?

China owns around 2.6% of U.S. debt which it buys because the Chinese yuan is pegged to the dollar. It would be impossible for China to call in all its U.S. debt at once due to the different maturity dates of the U.S. securities that China owns.

Which country lends the most money?

China became the world's largest official lender as of 2017. Yet, research indicates that, as of 2018, 50% of its official lending commitments to developing countries went unreported in the most widely used official debt statistics.

Is China a rich country, yes or no?

China has emerged as the world's wealthiest nation, surpassing the United States in terms of overall wealth. This significant shift has been driven by China's rapid economic growth and its increasing global influence.

How did China get so much debt?

The emergence of implicit debt is a long story that can be traced back to the fiscal relationship between the central and local governments in China's history. Since ancient times, there have been continuous conflicts between China's central and local governments over financial and administrative power.

How much does Pakistan owe China?

According to a report by AidData, Pakistan's total external debt owed to China amounted to $68.91 billion as of November 2023.

How much does the UK owe China?

In 2018, about 27% of UK debt was overseas-owned, and China was the largest single country in that figure. That suggests that China might own about 15% of UK debt — so about 267 billion.

Who has the most debt in the world?

Sudan tops the list with public debt at 252% of GDP, driven by prolonged conflict and severe economic challenges.

Is China debt to 300% of GDP?

"The ratio of M2 (money supply) to GDP has exceeded 200%, and the macro leverage ratio has surpassed 300%, with both indicators continuing to rise further". China's macro leverage ratio, which measures the economy's overall indebtedness, has been rising steadily as the government seeks to bolster economic growth.

How much does America owe China?

As of April 2024, the five countries owning the most US debt are Japan ($1.1 trillion), China ($749.0 billion), the United Kingdom ($690.2 billion), Luxembourg ($373.5 billion), and Canada ($328.7 billion).

Which country has too much debt?

Top 10 countries with the highest debt-to-GDP ratio in 2025

Among developed and advanced economies, Japan has the highest debt-to-GDP ratio at 234.9%, exacerbated by ongoing fiscal deficits and an ageing population.

Who do most countries owe debt to?

As Eric Stone says, the National Debt is owed to the financial markets who lend credit, which they create themselves. In addition, they use the "gilt-edged" status of the Government bonds as security to create up to 9 times more credit which they lend to others such as the public and businesses.

Does China borrow money from other countries?

From the period 1979 to 1993, the government began to borrow from both international and domestic sources. The amount borrowed during this period was relatively small. After 1994, domestic borrowing increased and foreign borrowing decreased.

Does the US owe Japan money?

LOS ANGELES - The United States owes more than $36 trillion—and a surprising chunk of that IOU isn't held by American banks or citizens, but by foreign governments. Japan, China, and the U.K. lead the list of countries lending to the U.S., largely through the purchase of Treasury bonds.

Who are the largest holders of US bonds?

The top three estimated foreign holders of federal debt by country, ranked in descending order as of December 2024, are Japan ($1.1 trillion), China ($0.8 trillion), and the United Kingdom ($0.7 trillion).