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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%)
by 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 agoYou 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.