TMCnet News
China Keeps Increasing Holding of US T-bonds(SinoCast Via Thomson Dialog NewsEdge)BEIJING, Jan 25, 2006 (SinoCast via COMTEX) --China mainland is still keeping increasing holding of the United States' treasury bonds, yet with the country's quicker growth of foreign exchange reserves, the proportion of its US treasury bonds in the entire foreign exchange reserves presented a descending trend month by month. According to statistics, by last January, China mainland had held USD 223.5 billion worth of US treasury bonds, accounting for 35.84% of its total foreign exchange reserves of USD 623.646 billion by the month. And by last November, the mainland's US treasury bonds increased USD 26.3 billion to USD 249.8 billion than January, while its foreign exchange reserves rapidly rose to CNY 794.2 billion by the last November-end and jumped about 38%, or USD 220.3 billion than the same period of a year ago, making the proportion of its US treasury bonds decline to 31.45%. The figures show that the growth of Chinese mainland's holding of US treasury bonds is lower than that of its foreign exchange reserves. From www.tom.com, Page 1, Tuesday, January 24, 2006 [email protected] |