China cuts holdings of US debt by 5.1% in 2011
- By Yan Pei
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E-mail China.org.cn, February 16, 2012
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China remains the largest holder of US Treasury bonds. [File photo] |
![China remains the largest holder of US Treasury bonds. [File photo]](http://images.china.cn/attachement/jpg/site1007/20120216/001aa0ba5c8510a6ffa726.jpg "China remains the largest holder of US Treasury bonds. [File photo]")
China cut its holdings of US Treasury bonds by 5.1 percent, a move showing the country's plan to further diversify its foreign exchange reserves.
According to U.S. Treasury Department statistics, China reduced its US debt holdings by US$59.4 billion last year. At the end of last December, China held US$1.1 trillion of U.S. debt, down US$31.9 billion from November. China remains the largest foreign holder of U.S. Treasury bonds.
China was followed by Japan and Britain as the largest holders of U.S. debt with US$1.04 trillion and US$414.9 billion, respectively.
China's holdings of U.S. Treasury bonds exceeded US$1 trillion in June 2010 and has been above that level ever since.
China's business press carried the story above on Thursday.
Contact the writer of this story at: yanp@china.org.cn.
