Is the United States Debt to China Getting Out of Hand?

China has one of the fastest growing economies in the world. What does this mean for the United States? China's strong economy affects the United State's in several ways. First, China is one of the United States largest competitors when it comes to exports. Secondly, China owns over twenty five percent of the United States debt. Lastly, the Chinese government is withholding the value of its currency which is further hurting the United States economy. The United States is way over its head as a result of its financial dealings with China. The United States needs to pay China the money that it borrowed within the next five years. It is absurd for a country with the potential of the United States to be in so much debt to another country. When you are in debt to someone there is very little room for negotiation.

Over the past few years the United States economy has struggled severely. The United States economy is has not been this bad since the great depression. This country has generated fourteen trillion dollars worth of debt and still counting. China on the other hand has seen its economy flourish. China's economy has increased annually for the past 15 years. It has come to our aid and presented us with a black check to do as we please; however it seems as if that gratitude has come with consequences. By the United States being in debt to China it has caused it to be limited in speaking out on some of China's communistic ways. China has increased is export pricing. The timing of this action is not good because the holiday shopping season is right around the corner. Unfortunately, the increase in export prices will trickle down having a huge affect on consumers at the cash register.

It will be very difficult for the United States economy to recover if it continues to rely on China for economic support. China already owns a considerable amount of the United States debt. What happens if our percentage of debt to China increases? It is very hard to internalize the possibility that China could have a huge influence on the United States financial future.