“China owns all our debt! They could crash our economy anytime!”

What You Say

China holds roughly $800 billion in U.S. Treasury securities — less than 3% of total federal debt and far below Japan's holdings. Treasury's Monthly Treasury Statement shows most U.S. debt is owned domestically by American investors, the Fed, and Social Security. China dumping Treasuries would hurt China's own reserves more than it would give Beijing leverage over Washington.