China Now Owns a Record $1.317T of U.S. Government Debt
China stepped up its purchases of U.S. government debt late last year, increasing its holdings of Treasurys to an all-time record of $1.317 trillion in November, government data released this week revealed.
The statistics underscore how reliant the U.S. and Chinese economies are on one another even as political tensions occasionally emerge.
According to figures inadvertently released Wednesday evening on the U.S. Treasury Department website, China’s holdings of Treasurys increased by 0.9% in November to $1.317 trillion, up from $1.305 trillion in October. Year-over-year, China’s holdings rose 11.3% from $1.183 trillion.
The $1.317 trillion figure exceeds China’s previous record high in July 2011 of $1.315 trillion, according to the government data.
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