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China bought $24b in US T-bonds in July: paper

(Agencies)
Updated: 2009-09-17 09:32

SHANGHAI: China snapped up $24.1 billion worth of US treasury bonds in July, pushing its total holdings to $800.5 billion by the end of that month, the China Securities Journal on reported Thursday, quoting a US announcement.

China is the single-biggest holder of US government debt -- it held $768 billion in Treasuries as of March -- and has watched uneasily as Washington has spent lavishly to try to haul the US economy out of its deepest recession in 80 years.

Japan, the second-largest holder of Treasury debt, raised its holdings to $724.5 billion in July from $711.8 billion.

Next on the list, Britain boosted its holdings to $220 billion from $214 billion.