English.news.cn 2010-02-16 23:08:41
WASHINGTON, Feb. 16 (Xinhua) -- China trimmed its holdings of U.S. debt by 34.2 billion dollars in December 2009, allowing Japan to take over as the largest holder of U.S. Treasury securities, the U.S. Treasury Department reported on Tuesday.
snip
If the reductions in holdings continue, the U.S. government could be forced to make higher interest payments at a time when it is running record federal deficits.
WASHINGTON, Feb. 16 (Xinhua) -- China trimmed its holdings of U.S. debt by 34.2 billion dollars in December 2009, allowing Japan to take over as the largest holder of U.S. Treasury securities, the U.S. Treasury Department reported on Tuesday.
snip
If the reductions in holdings continue, the U.S. government could be forced to make higher interest payments at a time when it is running record federal deficits.
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