China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

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    Jun 04, 2011 3:59 PM GMT

    China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.

    Treasury bills are securities that mature in one year or less that are sold by the U.S. Treasury Department to fund the nation’s debt.
  • roadbikeRob

    Posts: 18143

    Jun 04, 2011 4:13 PM GMT
    I guess the "first national bank of the world" known as the Peoples Republic of China is getting very disillusioned by the never ending severe debt problems of the US. They see nothing but red ink followed by more tax and spend, tax and spend by both the democrats and the republicans.