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Thread: China has become the largest foreign holder of US government debt!
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[quote=JIMMYB,338317]China has replaced Japan to be the largest foreign holder of US government debt. China's holdings of US treasury bonds, notes etc have risen to $585bn. However, Japan has decreased its holdings to $573.2bn. Great Britain still remains the third largest holder that holds $338.4bn. Should we be happy or sad about this news? We all know that US is in recession now. Is it wise to keep buying US debt?[/quote]
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