China obviously is a larger market domestically by what 4.5x the population of the US?
Yet our "market size" for USD is around half.
Then you have to take into account cross contamination.
Please Login to reply.
Then you have interesting situations that give China a free pass.
https://thehill.com/opinion/international/4075341-china-is-in-default-on-a-trillion-dollars-in-debt-to-us-bondholders-will-the-us-force-repayment/
https://www.abrdniaf.com/en-us/us/investor/insights-thinking-aloud/article-page/digging-deeper-china
What exactly are you saying?
USD is still king, and Chinese bonds are sus - but China is obviously the largest economy in the world.