this post was submitted on 05 Jul 2023
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China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment? (thehill.com)
submitted 1 year ago by 52fighters@kbin.social to c/news@kbin.social
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Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

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[–] 52fighters@kbin.social 3 points 1 year ago

IMO the problem really got rolling with President Bill Clinton gave China most favored nation trading status, eliminating a lot of barriers for US business to ship jobs and production to China. The hope at the time was that a country that became Capitalist would always become a Liberal Democracy. That prediction was very, very wrong.