Mainland China’s holding of US Treasury bonds fell for the first time in nearly a year, the US government said Monday after Chinese leaders voiced fear over the soaring US budget deficit.
Other emerging powers Russia and Brazil have also trimmed their US bond holdings, the US Treasury said in its monthly international capital data report.
The three nations plan to purchase tens of billions of dollars in bonds to be issued by the International Monetary Fund (IMF) for the first time, in what is seen as part of moves by the trio to diversify from large dollar holdings.
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Beijing owned 763.5 billion dollars in US Treasury securities in April, the lowest level since ramping up purchases in June 2008, the Treasury data showed. The April holdings fell from 767.9 billion dollars in March.
They do not include US Treasury bond holding in Hong Kong, China’s special administration region, which climbed to 80.9 billion dollars in April from 78.9 billion dollars the previous month.
The decline in the China holding “seems to stem from net selling of Treasury bills,” said Chirag Mirani of Barclays Capital Research.
June 16th, 2009 at 4:43 am
DENY IT ALL YOU WANT–YOU FILTHY CAPITALIST PIGS–CHINA IS DIVESTING ITSELF QUIETLY..SLOWLY OF THE WORTHLESS US DOLLARS..
June 16th, 2009 at 5:37 am
china we know your leaders are criminals but our government are rich greedy lazy lying criminals to .do you really think your money is worth something !? our criminal government print money out of thin air ! i dare you to try and collect
June 16th, 2009 at 1:54 pm
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- Sam Labrier: What The Global Elitists Plans Are For Canada
- We Live in A Matrix System Created by The Globalist
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June 16th, 2009 at 9:54 pm
China hasn’t been buying dubious US bonds to help out the struggling Yanks; it’s been to help maintain their domestic job market. Their domestic stability has been upheld through a major increase in capital works and now is not so reliant on the export trade to the US. As a major global manufacturing base they have managed to weather the storm much better than countries which have outsourced their manufacturing, such as the US. Their car production is about to go global and is in much better shape than that of the US. The Chinese are not stupid enough to be wholly reliant on the US and as they become less reliant so too will their stake in propping up the Amerikan Mac-conomy diminish.