The British outpost that quietly holds more US debt than China

The British outpost that quietly holds more US debt than China

China, which was the largest holder of US government debt as recently as 2019, has cut its holdings to the lowest level since 2008, driven by changing trade patterns, geopolitical concerns, and domestic economic pressures. The Cayman Islands has emerged as an unlikely place to fill the gap. This small British overseas territory held US$427 […] The post The British outpost that quietly holds more US debt than China appeared first on Asia Times.