<< The bottom line is the Chinese, who are the largest foreign holders of United States Treasury Bills, have been underwriting U.S. economic growth for decades.>>
They have been underwriting mainly their exports of Chinese-made products in the US. At the root, economic growth came from America's tech boom and other innovations. Superpowers don't go to war against one another. Little upside since neither will conquer the other, and huge downside. They wage war through proxies just like the Soviet and US did in the Cold War.
World War III: U.S. vs. China? [View article]
They have been underwriting mainly their exports of Chinese-made products in the US. At the root, economic growth came from America's tech boom and other innovations. Superpowers don't go to war against one another. Little upside since neither will conquer the other, and huge downside. They wage war through proxies just like the Soviet and US did in the Cold War.