To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

Open menu Search

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

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


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 19% of total debt held outside of the country. 

The country has undergone a rapid development of its own defence capabilities and expanded its areas of interest and operations beyond the Asia Pacific region in recent years, rivalling previously assumed US supremacy in the region.

New aircraft carriers, submarines,

Already have an account? Log in

Want to keep reading this article?

Read this Article

Get access to this article with a Free Basic Account

  • Original curated content, daily across air, land and naval domains
  • 2 free stories per week
  • Personalised news alerts
  • Daily and weekly newsletters
Create account

Unlimited Access

Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.

  • Original curated content, daily across air, land and naval domains
  • 14-day free trial (cancel at any time)
  • Unlimited access to all published premium news
Start your free trial
Richard Thomas


Richard Thomas

Richard Thomas is the Senior Editor, Naval at Shephard Media. Richard joined the company in …

Read full bio

Share to