China’s US govt debt holdings hit 2010 high: Treasury
WASHINGTON: China has raised its US government debt holdings to the highest level this year, according to US Treasury data published on Tuesday.
The Chinese government raised its US Treasury bond holdings to 900.2 billion dollars in April, its highest level since November 2009, the Treasury Department said in a monthly report on international capital flows.
China remained far ahead as the top foreign debt holder, followed by Japan, which held 795.5 billion dollars in April, and third-placed Britain at 239.3 billion dollars, according to the figures.
There has been an influx of investments into US Treasury bonds — a channel used by the government to borrow from the public to finance its burgeoning deficit — amid the mounting European debt crisis.
The latest Treasury data also showed that net foreign purchases of US securities rose in April but at a slower pace than the record set in March.
Net long-term foreign purchases fell to 83 billion dollars from a record 140.5 billion dollars in March.
source: Economictimes
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