In what major way are the United States and China both economically dependent on each other?
A)The United States purchases a lot of Chinese exports, whereas China funds much of the United States' debt.
B)China purchases a lot of the United States' exports, whereas the United States funds much of China's debt.
C)Both countries rely on Japan to buy their exports.
D)Both countries are heavily indebted to the World Bank.
E)The United States is reliant on China for most of its intellectual property development.

Question

Quizplus · Accepted Answer

The United States imports a significant amount of goods from China, making it a crucial market for Chinese exports. Conversely, China holds a substantial amount of U.S. debt, buying U.S. Treasury bonds, which helps finance the U.S. government's borrowing needs.

In What Major Way Are the United States and China