A third more of US debt is currently in China’s hands than previously estimated. What has brought the US to suddenly become more indebted to China? Are these movements from China, a result of an attempt to curb their rising economy?
First, looking back to July 2009, China owned $800.5 billion in U.S. Treasurys. China had already surpassed Japan as the largest holder of Treasury securities in September 2008, and the Chinese have increased their huge stake in US debt purchases over the years.
At the end of the 2010 year the total US debt held by China was 30% less than the February 2011 revised amount. This brings the figures up 270 billion dollars more than the amount released in Dec last year. The total amount released in February soared to around $1.16 trillion.
Read on and tell us your thoughts on what you think's going to happen to the US!! :) http://socyberty.com/economics/china-holds-more-of-us-debt-than-indicated/#ixzz1FZTTHWEv
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