We Know what you’re Thinking: Belgium?

Capaccio, Tony. “China’s U.S. Holdings Aren’t a Threat, Pentagon Says.” Bloomberg. Hyslop, Leah. “Belgium Lifts Secrecy on Foreign Bank Accounts.” The Telegraph. What to Make of U.S.’s Debt to China. Goetz, Lisa. “Why Is Switzerland Considered a Tax Haven?” Investopedia. Frohlich, Thomas. “Saudi Arabia buys the most weapons from the US government. See what other countries top list.” USA Today. Norrestad, F. “Total assets of banks in the United States from 2002 to 2019.” Statista.

And investors do just that, whether they live in nearby France and Germany, or far-flung locales such as China and Japan. According to the World Bank, Brazil is the world’s ninth-largest economy. In addition to exporting natural resources, Chinese firms have built huge factories, farms and manufacturing plants on Brazilian soil. Its explosive economic growth, starting around 2010, was fueled by aggressive investment by the Chinese. But the U.S. Treasury tracks purchases of U.S. Thus, how much of the debt ascribed to Belgium is actually owned by Belgians is difficult to discern.

At the end of 2020, U.S. But the biggest difference between Japanese and American debt is that Japanese citizens own 90 percent of their country’s debt, with only 10 percent in the hands of foreigners. The Japanese economy is still very strong. It boasts the world’s third-largest GDP, and unemployment was a mere 2.6 percent in March 2021. The country is also heavily invested in U.S. How can the Japanese economy support such a lopsided debt-to-earnings ratio? It turns out that Japan’s debt, while incredibly high, is not unsustainable. 107.6 percent of the GDP, meaning the U.S.

How would the U.S. The United States currently owes China around $1.1 trillion as of 2021. China broke the trillion-dollar mark back in 2011 according to the U.S. As of July 2020, Japan overtook China and became the largest foreign debt collector for the U.S. Let’s hope we never find out. Who does the United States owe the most debt to? As of 2021, U.S. How much debt is the U.S. How much is the U.S. Treasury report. However, China does not disclose how much debt the U.S.

And the crazy thing is, there still are! If a war between the two ensues, no one knows how the U.S. In addition, there’s something called “custodial bias” at work. Both mainland China and Taiwan considered themselves the “one China,” and the U.S. Belgium has made a name for itself as one of Europe’s most vibrant international banking centers. So why is Belgium one of the top 10 purchasers of U.S. Belgium’s status as a tax haven makes it a popular place to buy U.S. We know what you’re thinking: Belgium?

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