China owns about $1.1 Trillion in US debt compared to the $28 Trillion in total debt. Most debt, ~85%, remains owned by Americans. Also, China has been trying

China owns about $1.1 Trillion in US debt compared to the $28 Trillion in total debt. Most debt, ~85%, remains owned by Americans. Also, China has been trying to unwind their US position over time, but it is a difficult task because they have to do something with the US dollars that they get due to the trade imbalance.