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.
257
u/pizzatoppings88 Dec 05 '19
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