China bought $24b in US T-bonds in July: paper
08:38, 17 September 2009
SHANGHAI. September 17. KAZINFORM China snapped up $24.1 billion worth of US treasury bonds in July, pushing its total holdings to $800.5 billion by the end of that month, the China Securities Journal on reported Thursday, quoting a US announcement; Kazinform refers to China Daily.
China is the single-biggest holder of US government debt -- it held $768 billion in Treasuries as of March -- and has watched uneasily as Washington has spent lavishly to try to haul the US economy out of its deepest recession in 80 years; Kazinform cites China Daily.
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