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It's not #1. That's Japan. edit: the source: http://www.cnn.com/2010/BUSINESS/02/16/china.us.treasuries/index.html http://www.cnn.com/2010/BUSINESS/02/16/chin

• dsplittgerber 17y ago
  Not true, it's China. "China’s foreign-exchange reserves now total $2.4 trillion, of which about 70% are thought to be in dollars." http://www.economist.com/business-finance/economics-focus/displaystory.cfm?story_id=15770808 http://www.economist.com/business-finance/economics-focus/di... http://en.wikipedia.org/wiki/List_of_countries_by_foreign_exchange_reserves http://en.wikipedia.org/wiki/List_of_countries_by_foreign_ex... Edit: Downvoting, seriously? If China has 2.4 trillion foreign currency reserves, 50-70% of which are USD, and Japan has 1.0 trillion foreign currency reserves totally, how can Japan ever be ahead of China? 2nd Edit: http://www.treas.gov/tic/mfh.txt http://www.treas.gov/tic/mfh.txt Seems like CNN/FT.com had it wrong?
  • borism 17y ago
    forex reserves != US public debt although China is #1 holder of both, US public debt held by China is 24.3% of total foreign ownership (Japan #2 @ 20%)
    • dsplittgerber 17y ago
      You are right of course, which is why I talked about USD reserves, not debt. Speaking about debt, China also holds ~400 billion of Fannie/Freddie bonds, which is not included in the official figure, neither for debt calculation, nor for foreign ownership, I guess.