Slight rise in US debt not a sign of new strategy: Experts
By Zhu Ping | China Daily | Updated: 2009-11-19 07:57
Despite worries about the value of its foreign assets, China increased its holdings in United States Treasury securities in September by $1.8 billion.
The increase bumps the nation's Treasury holdings to $798.9 billion from $797.1 billion in August. The latest monthly figures in the Treasury International Capital (TIC) report for September, released on Tuesday, indicates that China remains the world's largest holder of Treasury bonds.
Meanwhile, US economists estimated China holds roughly $1.5 trillion in US assets, at least 65 percent of China's total foreign assets, according to the US Council on Foreign Relations, a nonprofit and nonpartisan organization.
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