In May 2019, China held US$1.11 trillion in US Treasury bonds, a decrease of US$2.8 billion from the previous month, marking the third consecutive month of decline. Currently, China remains the largest creditor of the United States.

Japan, ranked second, increased its holdings of U.S. debt by $37 billion month-on-month to $1.1 trillion; the United Kingdom moved up one place from the previous fourth place: it increased its holdings of U.S. debt by $22.3 billion in May. to $323.1 billion.

Brazil, which was ranked third last time, dropped to fourth place. After reducing its holdings of U.S. debt by $5 billion in April, it once again reduced its holdings of U.S. debt by $1 billion to $305.7 billion in May.

Many netizens will ask, what if Americans cheat and fail to repay this debt? Experts tell you that if the United States does this, the consequences will be serious. Even if he were the only superpower, he would not be able to bear the consequences of not repaying his debts. First of all, we need to understand to whom so many U.S. Treasury bonds are issued.

Judging from the information released by the U.S. Treasury Department, the holders of U.S. Treasury bonds are mainly major countries in the world. For example, China, as the largest creditor of the United States, holds 1.2 trillion U.S. Treasury bonds. , other countries also hold many. There is also a large portion of national debt issued to the citizens of the country. For example, those big banks, rich people, etc.

If one day the U.S. government really announces that it will no longer recognize these national debts, don’t say whether the world’s powerful countries will agree. Even the people in their country will not agree. The anger of the domestic people is enough for the US government to drink from it. Moreover, there are so many powerful countries that hold U.S. national debt. If the United States really does not repay it, these countries will not be fooled. They will not swallow the bitter pill of the Americans.