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How much of the US debt owned by China is held by the Chinese government rather than Chinese citizens?
by OscarCunningham 7y ago
How much of the US debt owned by China is held by the Chinese government rather than Chinese citizens?
- barry-cotter 7y agoThe huge majority of it. The Chinese Central Bank has to buy a lot of T-bills to keep the ¥/$ exchange rate where they want it. And the domestic finance market in China is very highly regulated to maintain capital controls; I’d be surprised if you can even buy T-bills outside Hong Kong and Macau.