China trims its holdings of US Treasury secuities

Updated: 2011-04-15 21:52


Twitter Facebook Myspace Yahoo! Linkedin Mixx

WASHINGTON - China, the biggest buyer of US Treasury securities, trimmed its holdings for a fourth straight month in February and Japan boosted its holdings one month before a devastating earthquake hit the country.

Related readings:
China trims its holdings of US Treasury secuitiesObama to reduce deficit by $4 trillion 
China trims its holdings of US Treasury secuitiesObama sets deficit target, rips GOP plan 

US Treasury Department says China reduced its holdings by $600 million to $1.15 trillion. Japan, the second largest foreign holder, boosted its holdings by $4.4 billion to $890.3 billion. There have been concerns that the March earthquake and tsunami may cause Japan to scale back its purchases in order to use the money for reconstruction.

Total foreign holdings increased 0.5 percent to $4.47 trillion. However, as US government moves closer to the $14.3 trillion debt limit, it will have to scale back sales unless Congress moves to raise the limit.


Han me downs

Traditional 3,000-year-old clothes are making a comeback.

Reaching out
Fast growth fuels rise in super rich
Chinese tourists spend more

European Edition


Big spenders

More mainland tourists are expected to spend money on overseas travel this year.

Rise in super rich

Report cites rising property prices, gdp as key drivers of increasing number of chinese millionaires.

Reaching out

Condom makers are stepping up their presence in smaller cities to boost sales

Head underground to see the vibrant Beijing
Beloved polar bear died
Panic buying of salt