China's US Treasury holdings revised to $1.160 trln

[OhioChick]

Source: Reuters

Mon Feb 28, 2011 4:18pm EST

Feb 28 (Reuters) - The United States owes considerably more money to China than previously reported, the Treasury Department said on Monday as it revised Beijing's holdings of U.S. Treasury debt sharply upward to $1.160 trillion.

The $268.4 billion increase over figures reported on Feb. 15 was the result of a survey of foreign portfolio holdings of U.S. securities released on Monday. The report attributed Treasuries holdings to China that were previously counted in other countries where broker-dealers made purchases.

Read more: http://www.reuters.com/article/2011/02/28/usa-debt-china-idUSWALSDE71T20110228

[WHEN CRABS ROAR]

1. So don't piss them off, what are they getting for those holdings?

[notesdev]

2. Same thing our government gives to us

empty promises that will never be fulfilled

World War III starts when they figure it out.

[Psephos]

10. +1 n/t

[TomClash]

3. Technology, natural resources and power

A New Empire is rising. An Old Empire is declining.

[dmallind]

13. depending on T-bill type, somewhere between 1-3% a year - same as US bondholders. NT

[BeFree]

4. What do we give China?

Peace. Japan won't attack China, not with us around. Korea won't, Russia won't, nor India or Pakistan.

Indeed, one reason we may be in Afghanistan is to keep peace at China's back door by keeping the Muslims from agitating the Chinese.

All in all, since WW2, the region has been at peace because of the US presence.
I think they grok that.

[keopeli]

6. Interesting perspective.

It's a plausible theory that we're protecting China. It's also plausible that we are holding China at bay and protecting other smaller but valuable interests of ours, i.e. Israel, Hong Kong, Thaiwan, Korea, etc. My question is, what do the Chinese think of the U.S.? How are they protecting their own interests, beyond any possible US collusion?

[BeFree]

7. We have been China's main market

Protection is what empires do when they do their best, and the US has been, proudly, the best empire the world has ever known. imo.

I don't know what China thinks of us, but there are Chinese restaurants in every city in the US.
My half joke is they are here to keep an eye on their investments.

Recently, China has embarked on building a blue water navy. And they have an excess of young males. The future could go any of several ways for China, but US empire is on an historical - for aged empires - course.

[liberation]

8. Wow, you mean peace in the region like the Korean War, the Vietnam War...

... the multiple wars between India and Pakistan, the killing fields in Cambodia, Laos, Burma...?

[BeFree]

9. Good points

Of course what I meant was peace for China so they could develop.

Japan has peace, too, and look what they've done. 50 years of peace for S. Korea.

Almost makes me wonder if the turmoil in the other places was meant for China's benefit?
China sure have done well, eh?

[L. Coyote]

5. In case a prankster wonders whose phone calls Obama takes

just say you are the Chinese Communist Party Chairman :rofl:

[sfwriter]

11. WE hold more debt. $2.4 trillion in SS alone...

I had no idea this number was so small.

[dmallind]

12. A huge jump - TO about 8% of US debt

Hopefully this news helps wake up the math-challenged who think all/most/a huge part of US debt is owned by China.