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China's holdings of US debt exceed $800b

(chinadaily.com.cn)
Updated: 2009-09-17 14:47

China's holdings of US Treasury bonds hit $800.5 billion in July, according to statistics released by the US Department of Treasury on September 16, Xinhuanet.com reported.

Related readings:  Cut in holdings of US debt may help diversify China's reserves  China's holdings of US debt hit record high  Nation may hike US debt in short term  US debt 'should factor in inflation'

The first time the US debt to China exceeded $800 billion was in May, when it hit a record high of $801.5 billion. In June, China reduced its holdings of the Treasuries by $25.1 billion.

But in July, China, the largest holder of US debt, added another $24.1 billion to its holdings of the US Treasuries.

Japan, the second largest holder of US debt, increased its holdings of the Treasuries by $12.7 billion in July to $724.5 billion. Britain also increased its holdings of US debt while Brazil and Russia slightly reduced their holdings.