China keeps buying US bonds despite concerns

Agence France-Presse | May. 18, 2009 (News Report)

China is pumping more money into US Treasury bonds, recent data show, despite concerns expressed in Beijing in recent months over the safety of dollar-linked assets.

Mainland China's holding of Treasury securities jumped to 767.9 billion dollars in March from 744.2 billion dollars the previous month, according to US Treasury data. Full Story »

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Derek Hawkins
3.3
 by Derek Hawkins - May. 18, 2009

“Never before has a country as poor as China provided so much financing to a country as rich as the United States, and never before has a country that values its independence as highly as the United States relied so heavily on a single country’s government for financing,” said a report by the Council on Foreign Relations, a US think tank.

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