China owns how much of our U.S. bonds?
WASHINGTON (AFP) – 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
We are so screwed. I wonder how long it will be until we have a Tiananmen Square like moment in Lafayette Park.
Source: http://news.yahoo.com/s/afp/20110228/pl_afp/useconomyfinancebondschina
China defaulted on the Chinese Government's $260 billion owed to U.S. bondholders and refuses to repay its full faith and credit sovereign debt in violation of international law:
ReplyDeletehttp://www.istockanalyst.com/article/viewarticle/articleid/4548858