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Old 02-18-2010, 03:10 PM   #5
picinaRefadia

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Oct 2005
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http://www.malaysianews.net/story/602765

China loses some interest in US bonds

Malaysia News.Net
Wednesday 17th February, 2010

China has become the second-biggest US debt holder after Japan.
China has become the second-biggest US debt holder after Japan.

The change in status has come after China cut its holdings by $34.2 billion following its decision to question whether US bonds are safe and whether the country can sustain its deficits.

The US Treasury has revealed net purchases of long-term stocks, bonds and notes only increased by $63.3 billion in December, which was down by half from the previous month.

China has also questioned the US dollar's role as the world's reserve currency.
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