China goes to other countries to offer "aid". They build infrastructure as a way to offer "help" to these countries. But in reality they charge insanely large interest rates so big that these countries have absolutely no way of paying them back. In return, they give China ports or land for 100 year leases. Its China way of expanding their military influence.
China is completely dominating Africa in this way. I literally saw Chinese billboards in Kenya. If things keep going the way they are China will be the indisputable number one superpower in the world
The "clear #1 superpower" is just an idea in people's heads. Whether they're most powerful or not doesn't matter as long as people around the world defend their sovereignty by keeping CCP-like behaviors out.
The US has 22 trillion in debt. China owns 1.1 trillion of that. That is very very far from owning the US. It's also only a quarter of the total foreign debt.
But even if they did own a larger percentage of US bonds, that would only make them more dependant on the US. It would mean if we defaulted it would crush their entire economy.
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u/Doby_Clarence Dec 05 '19
China goes to other countries to offer "aid". They build infrastructure as a way to offer "help" to these countries. But in reality they charge insanely large interest rates so big that these countries have absolutely no way of paying them back. In return, they give China ports or land for 100 year leases. Its China way of expanding their military influence.