| 1.) ## China's yuan officially joins the SDR (Special Drawing Rights) “The yuan's officially in the IMF's basket of reserve currencies. On Saturday, the Chinese currency was added to the IMF's special drawing rights (SDR) basket, joining the US dollar, the euro, the yen, and the British pound. "The inclusion into the SDR is a milestone in the internationalization of the renminbi, and is an affirmation of the success of China's economic development and results of the reform and opening up of the financial sector," the People's Bank of China said in a statement, according to Reuters.” http://uk.businessinsider.com/chinese-yuan-officially-joins-... 2.) China's national wealth is second only to the US. https://en.wikipedia.org/wiki/National_wealth 3.) Presumably you are referring to government debt to gdp? US = 105.4% https://tradingeconomics.com/united-states/government-debt-t... and China = 47.6% https://tradingeconomics.com/china/government-debt-to-gdp === Everything point you made is invalid which means that you either misinformed or for some reason you want to deliberately misrepresent the economic landscape or you are a blinkered ideologue. |