Business Uncategorized

China Is In Default On A Trillion Dollars In Debt To US Bondholders.

by Andrew Hale, Opinion Contributor Every country should pay its sovereign debt. Default, we are told, is not an option. But has anyone told China? The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American Read More…