Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
China ranks No.1 holder of US bonds
Adjust font size:

The newly-issued US Treasury International Capital (TIC) data shows that up to the end of September, 2008, China holds US$585 billion of US treasury bonds, replacing Japan in becoming the biggest US bonds holder.

China's holding of US treasury bonds increased by US$ 43.6 billion in September 2008. In the first three quarters of the year, China invested in a total of US$107.4 billion of US bonds. The former number one holder Japan decreased its share from US$586 billion to US $573.2 billion; Britain comes third, holding US$338.4 billion.

Don't Miss:

Chinese shares rebound 6% Wednesday
China, India crucial | Central bank alert
Int'l system: Effective reform urged
Bank layoffs cast shadow | Refinancing
Full Coverage: Global Financial Crisis

China has steadily increased its holding of US treasury bonds because the US short-term  treasury bond is regaining the favor of international investors and the US dollar has appreciated significantly against other currencies, commented Zhang Ming, an expert from the Institute of World Economics and Politics (IWEP), Chinese Academy of Social Sciences (CASS).

Analysts say that it is hard to tell whether the US dollar can maintain its strong tendency, but as its share of US treasury bonds increases and its currency rises on foreign exchanges, China should exert more effort to adjust its assets structure.

Fore more details, please read the full story in Chinese:


(China.org.cn by Fan Junmei November 19, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- China buys US$14.9b of US treasury bonds
- Keeping US Bonds in Hand
Most Viewed >>
- Global car giants bet heavily on China
- Shanghai Disneyland 'certain' to go ahead
- Testing times for developers as housing glut spreads
- The 6th China (Guangzhou) International Automobile Exhibition
- New oil pricing measures to be in place in '20 days'
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?