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China’s holdings of US debt larger than reported

Posted By admin On March 1, 2011 @ 5:26 am In Money Watch | Comments Disabled

March 1, 2011

China’s holdings of US bonds reached $1.16 trillion at the end of December, almost $270 billion more than previously estimated, new data showed Monday.

Beijing, which has converted much of a huge trade surplus with the United States over the past two decades into buying up US treasuries and other securities, held 26.1 percent of the total of $4.44 trillion held by foreigners, the Treasury said.

The figures came as the US government recalculated its data on foreign holdings of US securities from June 2010.

Chinese-held Treasuries have fallen since hitting a high of $1.18 trillion in October, under the revised figures. Japan remained by far the second largest holder of US government debt, with $882 billion in December, around $1.3 billion less than original estimates.

Britain was third at $272.1 billion.

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URLs in this post:

[1] China holdings of US debt at $1.15 trillion: http://www.prisonplanet.com/china-holdings-of-us-debt-at-1-15-trillion.html

[2] U.S. Treasury: China Has Decreased Its Holdings of U.S. Debt: http://www.prisonplanet.com/u-s-treasury-china-has-decreased-its-holdings-of-u-s-debt.html

[3] Foreign holdings of U.S. debt almost equal the entire GDP of the U.S. economy: http://www.prisonplanet.com/foreign-holdings-of-u-s-debt-almost-equal-the-entire-gdp-of-the-u-s-economy.html

[4] Chinese Treasury Holdings Decline For Fifth Month In A Row, Biggest Drop Since November 2010: http://www.prisonplanet.com/chinese-treasury-holdings-decline-for-fifth-month-in-a-row-biggest-drop-since-november-2010.html

[5] Foreign Holdings of US Securities Have Exploded: http://www.prisonplanet.com/foreign-holdings-of-us-securities-have-exploded.html

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