Re:China’s Economy to Reap Benefits That Once Flowed to U.S
by Apes on Monday December 24, 2018 @01:45PM
(#18753572)
China has plenty of countries in serious debt to them that they could use as leverage. "Switch to the Yuan as your country's reserve currency, and we'll forgive some of that crippling debt we've saddled you with!"
[ Parent
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Re:China’s Economy to Reap Benefits That Once Flowed to U.S
by cthalupa on Monday December 24, 2018 @02:06PM
(#18753692)
If I owe you $1,000,000, I've got a problem.
If I owe you $1,000,000,000,000, you've got a problem.
Or however the quote goes. China is not the majority debt holder for any country that I know of, even though they might be substantial ones. I don't see this strategy working if they tried it.