The bill was prepared during Trump’s first term, and just as it was being implemented, the coronavirus broke out and Trump’s system to check China lost its power, so it fell apart.
Now that Trump is in his second term, we can talk about it again sometime.
Qing Dynasty bonds are currently worth about 1 quintillion won, which is similar to China’s holdings of U.S. bonds.
The moment they ask China to repay this, all the US bonds held by China may turn into pieces of paper.