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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: CalculatedRisk who wrote (25036)1/20/2005 1:38:21 PM
From: RealMuLan   of 110194
 
The US Treasury just put out the Nov. data on their web site. China, as of the end of Nov. 2004, held $191.1 billion US debt, including all long/mid/short term debt, accounting for 33.3% of all China's foreign reserve. This is significantly lower than most of people claimed. I did not calculate myself, I got the number from some Chinese news.

That said, one unnamed source claimed that China entrusts Asian Development Bank, and maybe some others, to buy some US debt too. So the actual number of US debt China holds maybe higher than the above.

Among the $81.0 bln of US net capital inflows in Nov., China bought $13.4 billion or so.

And generally speaking, plenty of Chinese economists are still pretty bullish on US economy<lol>

And BTW, I do not think the US recession will drag China in recession too<g>. We will see.
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