Sun, Feb 28, 2010 - Page 11 News List

China still top buyer of US securities


The US government now says that China did not lose its place in December as the largest foreign holder of US Treasury debt.

The US Treasury Department said that under annual benchmark revisions released on Friday, ­China’s holdings of US Treasury securities stood at US$894.8 billion at the end of December, keeping it in first place ahead of Japan.

On Feb. 16, the government reported data that showed China had been surpassed by Japan. However, the government said in the new report that those figures did not account for purchases by Chinese investors in such places as Britain.

When those purchases are taken into account, the government said that China’s holdings in December grew by US$139.4 billion.

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