U.S. Government Debt to China Again Tops $1 Trillion

[The Straight Story]

U.S. Government Debt to China Again Tops $1 Trillion

China now holds more than $1.6 trillion in U.S. securities assets, according to the latest figures released by the Department of the Treasury, giving it its largest-ever share of America’s national debt.

Nearly two years ago (June 2009), Chinese holdings of U.S. securities totaled $1.464 trillion.

Earlier estimates of Chinese holdings were much lower. In comparing the American securities figures of China and the United Kingdom, Ian Talley at The Wall Street Journal said it appears that China had been “routing a significant portion of its purchases of U.S. Treasury securities through other major financial centers such as London to play down its debt profile in the U.S., a politically sensitive subject in Washington.”

As of June 2010, foreign holdings of U.S. securities totaled $10.7 trillion. The second place foreign debt holder was Japan at $1.4 trillion, with the United Kingdom third at $806 billion.

http://www.allgov.com/US_and_the_World/ViewNews/US_Government_Debt_to_China_Again_Tops_1_Trillion_Dollars_110304

[LiberalEsto]

1. Let's sell them all our CEOs

It would be a win-win for us.

[Mist]

2. I don't think they'd go for it--those guys are pretty high-maintenance...nt