> As someone who's very well informed on that corner of financial markets, you probably realize that China controls much more than $660 billion of US Treasury s

> As someone who's very well informed on that corner of financial markets, you probably realize that China controls much more than $660 billion of US Treasury securities. How much do they control? Please cite your sources. I can find some information about "shadow holdings" (exciting!) held in Luxembourg and Belgium [0] but I cannot imagine those treasuries would add up to a multiple of what's officially on the books and held by the Chinese government and Chinese companies. Interesting thought, though. [0] https://www.cnbc.com/2026/05/19/central-banks-offload-us-treasuries-china-holdings-at-18-year-low.html https://www.cnbc.com/2026/05/19/central-banks-offload-us-tre...