NWI - Naval Warfare

Surface Navy 2018: Foreign-held US debt strengthening potential rivals

10th January 2018 - 18:24 GMT | by Richard Thomas in Washington, DC

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Foreign governments are using US debts to enhance their own defence capabilities, according to USCG commandant ADM Paul Zukunft, speaking at the Surface Navy Association symposium on 10 January.

China is among the largest holders of US foreign debt, estimated at around $1.2 trillion last year, accounting for some ...

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