China’s role in U.S. debt
China owns the lion’s share of American debt. How is the recession here affecting the economy in China? As the U.S. enters a recession, attention has begun to shift to China ? which owns the lion’s share of American debt. James Fallows spoke to Gao Xiaqing, the general manager of China Investment Corporation, China’s sovereign investment fund, about the recession and China’s deepening relationship with the United States; he tells The Takeaway more about this complicated interplay.
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