For more information, please contactcupola@gettysburg.edu. Quint, Ryan T. (2015) Ambrose Burnside, the Ninth Army Corps, and the Battle of Spotsylvania Court House,The Gettysburg College. Journal of the Civil War Era: Vol. 5, Article 7.
Updated April 17, 2017. The U.S. debt to China is $1.059 trillion, as of February 2017. That's 27.8 percent of the $3.8 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $19.9 trillion national debt is owned by either the American people or by the U.S. government itself.
How It Affects the U.S. Economy. China must buy so many U.S. Treasury notes that it is now the second-largest lender to the U.S. government. Japan is the largest. As of January 2017, the U.S. debt to China was $1.051 trillion. That's 28 percent of the total public debt owned by foreign countries. Many are concerned that this gives China political leverage over U.S. fiscal policy, since it could call in its loan.