September 2008
China Becomes Largest U.S. Foreign Creditor
In September 2008, China surpasses Japan to become the largest holder of U.S. debt—or treasuries—at around $600 billion. The growing interdependence between the U.S. and Chinese economies becomes evident as a financial crisis threatens the global economy, fueling concerns over U.S.-China economic imbalances.
Facts to look up
2008 230 billion - in total, USA had new $400 billion
2009 200 billion
2010 200 billion
In total, 600 billion -
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