China holds even more American debt than reported

China’s leverage on America is even greater than expected, which is why Obama bows to the ChiCom President and will never criticize his country’s awful human rights record or international belligerence.

China holds $1.16 trillion in US bonds, 26.1 percent of the total of $4.44 trillion held by foreigners. Japan is the second largest holder of US government debt, with $882 billion, and Britain a distant third at $272.1 billion

It’s sad, despicable, and criminal that America owes so much money to foreign countries, but especially to a country like China who views America as an enemy and constantly seeks to undermine her. Worse yet, all the money was squandered on propping up the welfare state.

WASHINGTON (AFP) – China’s holdings of US bonds reached $1.16 trillion at the end of December, almost $270 billion more than previously estimated, new data showed Monday.

Beijing, which has converted much of a huge trade surplus with the United States over the past two decades into buying up US treasuries and other securities, held 26.1 percent of the total of $4.44 trillion held by foreigners, the Treasury said.

The figures came as the US government recalculated its data on foreign holdings of US securities from June 2010.

Chinese-held Treasuries have fallen since hitting a high of $1.18 trillion in October, under the revised figures. Japan remained by far the second largest holder of US government debt, with $882 billion in December, around $1.3 billion less than original estimates.

Britain was third at $272.1 billion.

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