Jump to content
House Price Crash Forum
Sign in to follow this  
Injin

China Makes Biggest Cut In Us Treasury Assets Since 2000

Recommended Posts

http://jessescrossroadscafe.blogspot.com/2...s-treasury.html

http://www.chinadaily.com.cn/china/2009-08...ent_8582318.htm

NEW YORK: China reduced its holdings of US Treasury debt in June by the biggest margin in nearly nine years, according to a US Treasury Department report issued on Monday.

China cut its net holdings by 3.1 percent to $776.4 billion in June from $801.5 billion in May, the report says. This is also the first large-scale reduction of US Treasury debt by China so far this year.

However, its June holdings were still larger than April's $763.5 billion and $767.9 billion in March, according to the statistics of the Treasury Department.

Reuters data show the drop in China's Treasury holdings in June was the biggest percentage reduction since a 4.2 percent cut in October 2000.

On the other hand, Japan, the second-largest holder of US Treasury securities, increased its holdings to $711.8 billion in June from $677.2 billion in May.

The United Kingdom, the third largest holder, also increased its holdings to $214 billion in June from $163.8 billion, a surge of 30.6 percent.

Printy printy.

We is fecked.

Share this post


Link to post
Share on other sites
Printy printy.

We is fecked.

The price we are paying for national property obsession. Buying over priced houses from each other with monopoly money.

Share this post


Link to post
Share on other sites
Sorry, when they say the UK , they mean banks, investors individuals? Surely we the UK taxpayers aren't creditors are we?

confused.

Erm ...

Who underwrites the banks?

No doubt also other institutional investors, like your insurance company and annuity provider. They operate under strange rules.

Share this post


Link to post
Share on other sites

OK I'm living and working in China but from the UK and let me just say

the Chinese are pretty upset the USA is going bankrupt they have asked

nicely if the US could just sort its self out so they can buy more stuff from

them but the US EU just will not, they KNOW the US-EU will try and wriggle out of

the debt to china so there thinking FECKUP lets sell all the bonds or make the RMB

the worlds NO1 Greenback (it is green to) so look on as oil and the rest out stuff

all get sold RMB

Well Im in china so your fecked im all right Wu

Share this post


Link to post
Share on other sites
OK I'm living and working in China but from the UK and let me just say

the Chinese are pretty upset the USA is going bankrupt they have asked

nicely if the US could just sort its self out so they can buy more stuff from

them but the US EU just will not, they KNOW the US-EU will try and wriggle out of

the debt to china so there thinking FECKUP lets sell all the bonds or make the RMB

the worlds NO1 Greenback (it is green to) so look on as oil and the rest out stuff

all get sold RMB

Well Im in china so your fecked im all right Wu

I would love to know what the media in China are saying about all this shit with the US.

I heard some Chinese reporter on an American radio show a few weeks ago saying that one Chinese paper claimed that China was basically planning on not showing up for US treasury auctions in the very near future.

:ph34r:

Share this post


Link to post
Share on other sites
I heard some Chinese reporter on an American radio show a few weeks ago saying that one Chinese paper claimed that China was basically planning on not showing up for US treasury auctions in the very near future.

Not saying it isn't true, but China understands the media now. Anyone remember the trade wars and anti EU dumping for textiles. When the USA started trying to tax out China on imports.

They failed, nothing says power like having the money up front, and China has it. They'll pay what they like when they like until the situation is reversed, including Government debt which

is so tightly linked to themselves it's more a statement about the future prospects than an investment.

IMO.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   295 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.