Oct. 17, 2012 (China Knowledge) - China
raised its holding of U.S. Treasury securities by US$4.3 billion in August this year, according to the latest report issued by the U.S. Department of the Treasury.
By the end of August, China saw its holding of U.S. Treasury securities amounted to US$1.15 trillion and it remains the largest holder of U.S. debt.
Since August 2011, China has unloaded US$124.9 billion U.S. Treasury securities.
The analyst said Japan is expected to replace China as the largest holder of U.S. debt at November this year, and by the end of August, Japan holds a total of US$1.12 trillion U.S. Treasury securities.