China in September becomes largest holder of US treasuries
Wednesday November 19, 2008, 3:48 pm a.y7sc {border-bottom: 1px dashed rgb(151,151,204);text-decoration:none;color:black;background: transparent none repeat scroll 0%; cursor: pointer; color:#333;} a.y7sc:hover {cursor: pointer; text-decoration:none;color:#00F;border-bottom: 1px solid #00F;} a.y7sc:visited {border-bottom: 1px dashed #639;text-decoration:none;color:#333;}WASHINGTON (AFP) - China in September became the largest foreign holder of US treasuries ahead of Japan, the US Treasury Department reported in figures released Tuesday.
China held 585 billion dollars worth of treasuries, while Japan held 573.2 billion dollars, according to Treasury figures.
In August, Japan held 586 billion dollars worth of treasuries, while China owned 541.4 billion dollars.
The United States, with the world's largest economy, long has relied on foreign purchases of government-issued bonds to finance its huge debt.
The third largest foreign holder is Britain, with 228.4 billion dollars.
... read full articleWed 19th November 2008 - 03:48pm
Previous Article: Nissan expects zero second-half profits- CEO
Next Article: Three hurt in chopper crash
Next Article: Three hurt in chopper crash
Latest news:
- US motoring giant GM cuts the Aussie ute
- 75pc easily making mortgage repayments- survey
- UK retail giant Marks and Spencer to slash jobs
- Truckies lose out after flooding damages freight route
- Sanyo to cut 1-000 jobs
- 75pc easily making mortgage repayments- survey
- Sacked Qld miners sweat on arbitration hearing outcome
- Australia shares seen up on economy optimism
- US service sector improves slightly
- German billionaire commits suicide after -amp 36750m loss
Last 7 days news:
- Todays News (22)
- 6th January 2009 (119)
- 5th January 2009 (101)
- 4th January 2009 (23)
- 3rd January 2009 (32)
- 2nd January 2009 (51)
- 1st January 2009 (54)