Tuesday, March 1, 2011

::China's Largest Master the U.S. Debt Securities>>

Go Finance Reporting in WASHINGTON - The number of acquisition debt the United States (U.S.) by China was on top of the original estimate.

Latest official data released by the Ministry of Finance Monday, February 28 U.S. states, China to collect $ 1, 16 trillion in U.S. government bonds, higher than the initial estimate of USD270 billion.

According to the U.S. Treasury, was quoted by AFP on Tuesday (03/01/2011), Beijing managed to convert a trade surplus with Washington in two decades, currently controls 26.1 percent of total U.S. government securities valued at $ 4, 4 trillion of foreign purchased.

The latest data came after the U.S. Treasury calculates the re-calculation of the mastery of foreign bonds in June 2010. However, when compared with October 2010 data, U.S. government securities dominance by China fell due to the time it reached USD1, 18 trillion.

Nevertheless, the latest revision of data that does not shift the position of China as the largest holder of U.S. government securities followed by Japan in second place with a mastery of USD882 billion in December. While in the third position, the British controlled the U.S. government securities valued at USD272, 1 billion. (GoFinance)

No comments:

Post a Comment