If you have even a little know-how of finance and how things are being run in the world, chances are you know about how USA is in debt of China. The news here is that China still holds the most US debt, but its share is shrinking. Back in the Washington, U.S. Treasury securities reached a new record level in the January. According to the guys at the Treasury Department, foregn holdings increased by 1% but don’t let that 1 percent fool you – It actually means an increase of 6.2 trillion dollars.
China, currently the biggest one trimmed down its holding, reducing it to 0.4%. However, Japan on the other hand increased its holding by 0.6%. Continue reading