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China raises U.S. holdings to 6-month high level

05-18-2010 14:21 BJT

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China has boosted its holdings of US Treasury debt to the highest level in 6 months. According to US Treasury Department, China increased its debt holdings by 2 percent to nearly 900 billion US dollars.

It's the first increase since last September. China remains the biggest holder, followed by Japan and the UK, who also raised their sum. Data shows that total foreign holdings of Treasury securities rose 3- and-a-half percent to nearly 4 trillion US dollars by the end of March. Analysts say one trigger is worries over the Eurozone's debt crisis.

Editor:Zhang Jingya |Source: CCTV.com

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