Is it right that China owns a lot of its own debt AND a lot of US debt as well? ... | Hacker News

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einar2812 on Feb 17, 2016 | parent | context | favorite | on: China's Subprime Crisis Is Here

Is it right that China owns a lot of its own debt AND a lot of US debt as well? And also heard that China supposedly has the largest gold reserves in the world, dwarfing any other country in comparison. Could that count for something?

foxhedgehog on Feb 17, 2016 [–]

They would probably have to spend at least a good chunk their dollar reserves in order to manage a truly catastrophic currency decline.

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