Dead-beat China owes American bond holders $1.5 trillion in railroad treasury debt that China hasn’t paid on since they went communist.
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Apparently, the government of the United States doesn’t care about the issue you brought up because they allow the Chinese access to the US Treasury market. Just like we do for Japan, UK, Germany, France, etc.
Another reason is China is a producer of goods that the United States wants access to, since our private & public corporations are run by people who can’t train labor, hire labor, or make a profit in these low margin industries.
Finally, there is no way $1.6 trillion in railroad bonds are ever going to be paid on pre 1949 debt. Our GDP was $273 billion with a real GDP of $2.107 trillion in 1949.
Finally, after researching this subject for the last 30 minutes. I have no idea who the original bond holders were or are....The Foreign Bondholders Protective Council created in 1933 doesn’t provide that information.
https://www.americanbondholdersfoundation.com/"
I'd forgotten about them until I read articles like this when Trump was in office. https://www.foxbusiness.com/markets/historic-chinese-bonds-trump-leverage-beijing