Washington Post,Feb.17,2010 on page A8:
"China reduced its holdings by $34.2 billion.
Foreign holdings fell $53 billion. Read below for important impact: -
Reduced further, the amount of holdings could force the government to make higher interest payments at a time of record federal deficits."
FOOD for thought!
After December, China is no longer the top foreign owner of Treasurys, dropping to second place behind Japan, which raised holdings by $11.5 billion in December.
Francis Shieh aka Xie Shihao,a watcher of Sino-American Economics in action on Feb.17, 2010 at 7.40 a.m.
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