FACTBOX-China leads list of biggest US creditors

[TROJAN.EXE]

FACTBOX-China leads list of biggest US creditors

WASHINGTON | Mon Jan 10, 2011 1:00am EST

Jan 10 (Reuters) - U.S. President Barack Obama will host Chinese President Hu Jintao for a state visit on Jan. 19, and the leaders of the two economic powerhouses are expected to discuss thorny issues such as China's trade surplus and its currency policies.

The United States will tread carefully as Beijing is the country's largest creditor, holding more than $900 billion worth of U.S. Treasury bonds.

Below are the top 10 largest holders of U.S. debt as of the end of October.

-- China, mainland: $906.8 billion

-- Japan: $877.4 billion

-- United Kingdom: $477.6 billion*

-- Oil exporters, which include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria: $213.9 billion.

-- Brazil: $177.6 billion

-- Hong Kong: $139.2 billion

-- Caribbean banking centers, which include Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama: $133.7 billion

-- Russia: $131.6 billion

-- Taiwan: $131.2 billion

-- Canada: $125.2 billion

* UK figure may include government debt bought by other countries through London intermediaries

Source: Treasury Department

FACTBOX-China leads list of biggest US creditors | Reuters

 

[ao333]

Mainland China and Hong Kong owns over 1 trillion worth of US debt... wOw

 

[Tigershark]

Americans are borrowing themselves to the grave.

 

[asianamerican]

The British had a huge trade deficit with China before the Opium war too. We all see how that turned out.

China need big military in order to collect their debt when time comes.

I doubt the US will pay back that 1 trillion dollar and growing.

 

[Tigershark]

China needs to be strong to keep the americans honest.

 

[siegecrossbow]

How is this news?

 

[xixi]

The British had a huge trade deficit with China before the Opium war too. We all see how that turned out.

China need big military in order to collect their debt when time comes.

I doubt the US will pay back that 1 trillion dollar and growing.

You know nothing about that. At that time, trade with China was settled by metal currency which is the real natural currency. And Brits invaded China because they wanted to sell more opium there.

Metal currency is completely different from papers printed by yankees.

 

[xixi]

Thank god. They finally sell out some of those waste papers being fast printed by yankees. Continuing printing waste papers, they will lose credit all over the world.