China and the US National Debt Crisis - Does China Own the USA? The US is in the grip of an unprecedented level of national debt. How much of the US' national debt does China own and what are the consequences? This new ebook examines the Historical Context of the US debt dilemma, a Global Perspective on the US debt, US Government Budgets (surpluses and deficits), US Balance of Trade, US National Debt and Debt Service, Chapter 8. US Budget Deficit, Balance of Trade and National Debt as Percent of GDP, US Creditor Nations, China's US National Debt Holdings, Does China Own the USA?, Mitigating US Financial Risk, A Legacy of Debt for Future Generations, Conclusions, Supplemental Reading and Complementary Resources. The US debt crisis effects not only the federal government, but every American citizen. A must read for everyone concerned about America's financial future.