China - national debt 2019-2029 | Statista (2024)

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China - national debt 2019-2029 | Statista? ›

National debt of China 2029

China National Government Debt reached 4,230.0 USD bn in Dec 2023, compared with 3,750.7 USD bn in the previous year.

If the U.S. was unable to repay all its debts to China, could China realistically demand and receive ownership of U.S. land as compensation? China holds about $1.11t of US T-bills, T-notes and other bonds as of May 2019. That's about 27% of the total debt held by foreign countries ($4.1 t).

Russia National Government Debt reached 284.6 USD bn in Apr 2024, compared with 283.2 USD bn in the previous month. Russia National Government Debt data is updated monthly, available from May 2009 to Apr 2024. The data reached an all-time high of 384.2 USD bn in Jun 2022 and a record low of 86.1 USD bn in May 2009.

[2] A report by the credit rating agency S&P Global in 2022 estimated that 79 per cent of corporate debt in China was owed by SOEs (the IMF does not break down the proportion of debt owed by SOEs).

If China (or any other nation that has a trade surplus with the U.S.) stops buying U.S. Treasuries or even starts dumping its U.S. forex reserves, its trade surplus would become a trade deficit—something which no export-oriented economy would want, as they would be worse off as a result.

Nearly half of all US foreign-owned debt comes from five countries. All values are adjusted to 2023 dollars. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).

Which country has no debt? ›

Singapore is one of Asia's major financial centers. It is also one of the most prosperous countries on the planet. And all this has been achieved without taking on any meaningful public debt. In fact, very much like Norway, Singapore has more assets than debt.

On the other hand, Mexico holds about $34B of US debt. So if we were to make a balance, Mexico owes the US $134B, more or less, or about 8% of what it makes in a year.

State-owned enterprises accounted for over 60% of China's market capitalization in 2019 and generated 40% of China's GDP of US$15.98 trillion dollars (101.36 trillion yuan) in 2020, with domestic and foreign private businesses and investment accounting for the remaining 60%.

Who does the United States owe the most debt to? As of July 2020, Japan overtook China and became the largest foreign debt collector for the U.S. The United States currently owes Japan about $1.2 trillion according to the U.S. Treasury report.

By January of 1835, for the first and only time, all of the government's interest-bearing debt was paid off. Congress distributed the surplus to the states (many of which were heavily in debt). The Jackson administration ended with the country almost completely out of debt!

As of March 2023, the Japanese public debt is estimated to be approximately 9.2 trillion US dollars (1.30 quadrillion yen), or 263% of GDP, and is the highest of any developed nation. 43.3% of this debt is held by the Bank of Japan.

Mexico National Government Debt reached 943.7 USD bn in Apr 2024, compared with 960.4 USD bn in the previous month. Mexico National Government Debt data is updated monthly, available from Dec 2005 to Apr 2024.

1. At end-September 2023, India's external debt was placed at US$ 635.3 billion, recording an increase of US$ 6.4 billion over its level at end-June 2023 (Table 1). 2. The external debt to GDP ratio stood at 18.61 per cent as at end-September 2023, as against 18.58 per cent as at end-June 2023 (Table 1).