China owns a bit under a trillion USD of US Treasury bonds, that is to say, debt. If they decide to liquidate it, that's enough to seriously affect the value of those bonds, and therefore the US's ability to borrow more money, and from there, the value of the dollar.
Balinares
joined 2 years ago
I am in mad love with this Darmok-ass comment.
That's going to take a lot of engineering investment and I really, really hope they understand this and pull it off.
Let's maybe not bring fash comics to Lemmy...
Oh, this was an excellent read. Thanks for the link!