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China Held the US Bonds of USD895.2b in March (05/20/2010)

Updated: 2010/5/20 9:55:00

Data released by the US Treasury Department on May 17 indicated that this March, China, Japan and the UK all increasingly held the US bonds. This month, the US bonds held by China was USD895.2b, up 2% from the previous month, to still be the US’s largest creditor country, which is the first time that China has seen an increase of the US bonds over the past half year.

Data showed that in March, the US bonds held by Japan rose 2.1% compared with the previous month to USD784.9b; that by the USD drastically rose 19.5% to USD279b. Consequently, China has become the US’s largest creditor country, followed by Japan and the UK.

Up to late March, the total US bonds held by foreign creditors amounted to USD3.88t, up 3.5% from the previous month. The external world universally held that the reason why foreign creditor increased the US bonds is partly that the Europe’s sovereign-debt crisis triggers some funds to safer investment areas.

Source:Xinhua

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