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PRC got smart, Japan became Sucker for USA
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02-18-2010, 03:10 PM
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picinaRefadia
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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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