IN BRIEF (Page 13)

Japanese debt is sold off

In response to the yen hitting a post-war high against the dollar and benchmark yields reaching their lowest point in a year, China made the second-biggest net sale of Japanese debt on record.

China, the largest holder of foreign-exchange reserves in the world, cut its holdings of Japanese debt by 853 billion yen ($11 billion) in October, the Japanese Ministry of Finance said in a statement on Thursday. China made the record sale in August 2010, when it sold a net of 2.02 trillion yen in Japanese debt, according to Ministry of Finance data going back to January 2005.

Nov passenger vehicle sales fall

The number of passenger vehicles sold in China continued to fall in November, dipping 2.9 percent below the year earlier number. China, the world's largest car market, saw sales of 1,245,605 cars, sports-utility vehicles, multi-purpose vehicles and minivans in November, the China Passenger Car Association said on Thursday.

China Daily - Bloomberg News

(China Daily 12/09/2011 page13)