China Dumps US-Treasury Bills

“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. . . . China’s ownership of the U.S. national debt has decreased in each of the last five months on record, including November, December, January, February and March.”

Sources:
China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills, Friday, June 03, 2011, Terence P. Jeffrey

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