Get ready for this statistic – China owns 981 billion dollars in U.S debt. That means we owe China nearly a trillion dollars! But wait, let us explain.

While this number may seem large, the total amount of U.S Treasuries outstanding is more than 30 trillion dollars. And, China isn't even the largest foreign holder of American debt. Of late though, China has been cutting back on US treasuries. So what would happen if Beijing decides to sell off all their holdings one day? What impact would that move have on the U.S economy and should we be worried?

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