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China Sharply Reduced US $36 Billion 500 Million In August.

2011/10/19 13:58:00 24

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According to the data released by the US Treasury last night, China substantially reduced the US in August.

National debt

36 billion 500 million dollars ended the history of 4 consecutive months of holdings.

As of the end of 8, China held a total of US $11370 billion in US Treasuries, which continued to be the largest.

Creditor

The first.

In August, the second largest holder of US Treasuries was Japan, from $914 billion 800 million in July to $936 billion 600 million, increasing 21 billion 800 million dollars.

Third for the UK, holdings increased from $352 billion 500 million in July to 397 billion 200 million.

dollar

An increase of $44 billion 700 million.

Fourth for the 15 oil exporting countries, their total holdings of US debt increased from US $234 billion 300 million in July to US $236 billion 300 million, increasing US $2 billion.

Fifth for Brazil, its holdings amounted to $210 billion, unchanged from July.

Since the scale of US $1 trillion and 111 billion 200 million in June last year, China's holdings of US Treasury bonds have been stable over US $1 trillion.

In the past 4 months, China has increased its total holdings of US $28 billion 600 million of US Treasury bonds, of which $7 billion 600 million was increased in April, $7 billion 300 million in May, and $5 billion 700 million in June, while the US dollar increased by July.

The international rating agency Standard Pool Co made a historic decision in August 5th to downgrade the US sovereign credit rating from the top AAA level to AA+ level for the first time.

Du Zhengzheng, a postdoctoral fellow at the Financial Research Institute of the Academy of Social Sciences, believes that China has substantially reduced its holdings of US Treasury bonds.

Although the US economic outlook is not optimistic, the long-term risk of US debt has been expanding, but countries including Europe and Japan are also shrouded in debt.

In terms of liquidity, there is still no option to replace US Treasury bonds in the market. In the global financial market, US Treasury bonds are still a safer investment product.

Zhao Qingming, an expert on financial issues, said that the problem of foreign exchange reserve investment can be truly solved by sticking to the increment of foreign exchange reserves and promoting the balance of payments.

By the end of 9, the balance of the country's foreign exchange reserves was US $32017.

In July and August, foreign exchange reserves increased by US $47 billion 800 million and US $17 billion 200 million respectively, but in September, we reduced US $60 billion 800 million, which is the first decline in foreign exchange reserves in 16 months.