For these reasons, expect China to continue to be one of the world's largest holders of U.S. debt. But there's one little problem with that conventional wisdom: it's just not true. Four of the five largest banks in the world are Chinese, according to SNL Financial's latest global bank rankings.It's a … Clearly this is an exciting market all countries should love to enter. China also became the world's biggest exporter in 2009. China owns more than $1 trillion in U.S. debt. https://www.cnbc.com/video/2019/01/10/what-does-china-own-in-the-u-s.html Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America's $14.3 trillion in government debt. China has become a banking powerhouse. China takes the second spot among foreign holders of U.S. debt with $1.07 trillion in Treasury holdings in April 2020, just behind Japan. China has become the largest economy in the world, outpacing the United States and the European Union. That's about as much as Japan owns, and represents about 5% of the total debt. China now spends about $10 billion annually on ‘external propaganda‘ alone…” USA Today “In 2018, 95 percent of ibuprofen, 91 percent of hydrocortisone, 70 percent of acetaminophen, and 40–45 percent of [the blood thinner] heparin imported to the United States came from China.” China started working on its own currency ascension plan to stimulate its trade and economic growth between 1994 and 2005, when it pegged the Yuan to the US Dollar. US investment in China is a complicated one. Veolia Water, a France-based company that owns a small part of the UK water firm Affinity Water, is itself 10% owned by SAFE-IC, the Hong Kong subsidiary of China's State Administration of … The amount of Australian farm land owned by Chinese interests has surged tenfold in the past year, climbing above 14 million hectares or 2.5 per cent of all agricultural land. The renewable 75-year lease was granted to the China Sam Enterprise Group, a conglomerate founded in 1985 as a state-owned enterprise, according to corporate records. China has trimmed its holdings and this is …   China needs this growth to raise its low standard of living.