China’s Holdings of U.S. Debt Down 10%
- China’s Holdings of U.S. Debt Down 10%
by Terence P. Jeffrey , https://www.cnsnews.com/
(CNSNews.com) – Chinese holdings of U.S. Treasury securities are 10.0 percent below their peak level which was attained in November 2013, according to data published by the U.S. Treasury. U.S. government debt held by entities in the People’s Republic of China peaked at $1,316,700,000,000 in November 2013, according to the Treasury.
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At that time, the total debt of the federal government was $17,217,151,645,105.86. That debt included both $4,936,025,387,118.78 in “intragovernmental debt,” which is money the Treasury has borrowed out of federal trust funds (such as the Social Security trust funds); and $12,281,126,257,987.08 in debt held by the public, which includes marketable U.S. Treasury securities such as Treasury bills, notes and bonds.
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Between November 2013 and December 2017 (the latest date for which the data is available), Chinese holdings of U.S. Treasury securities dropped from their peak of $1,316,700,000,000 to $1,184,900,000,000—a decline of $131,800,000,000 or 10 percent.
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