How much US debt does China own?

As tensions between the US and China - through trade, Hong Kong, Taiwan and even TikTok - escalate, officials have raised concerns that Beijing could use its stash of US Treasuries to destabilize the US economy and force Washington to retreat to force. Ordinary people are concerned, too: In a 2018 survey by the Pew Research Center, America's indebtedness to China was the top concern of respondents in the United States. 89% said the problem was "very serious". There is a lot of fear, confusion and misunderstanding about why the US is indebted to China and what would happen if China convened this.

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