China and USA flags. File photoMOSCOW, Jun 5 Although China and the US compete in many areas, their interdependence is very strong. Therefore, countries will do their best to avoid serious conflicts — otherwise a «bomb» will explode with dire consequences for both countries, Vladimir Grigoriev, associate professor at the Institute of World Economy and Business of the Peoples' Friendship University of Russia, told the Prime agency. Thus, China is the second most important investor in the US public debt after Japan ( as of the end of Q1 2022, China held 13.65 percent of total US Treasury bonds held by foreign investors,” the expert explained. The US, in turn, is China’s largest market. Thus, by harming each other, countries will inevitably see consequences for their own economies, the source added.
"China could theoretically collapse the US government debt market, but at the same time suffer significant financial losses itself" he.
Most likely, China will be able to challenge the United States only when the United States is significantly weakened, while the Americans are still trying to provoke the weakening of the PRC only in a «creeping mode», without sudden movements, Grigoriev concluded.
The main instrument of China's influence on the United States has been named