China ups holdings again of US bonds
Date Published: 05/16/2012
Zhang Yuwei, China Daily, May 16, 2012
The ongoing budget and debt crises in Europe make the US an even more attractive investment destination for China's money managers. China remains the top foreign holder of US Treasury bonds. China holds $1.2 trillion in Treasury bonds, or about 23% of all foreign holdings of US Treasuries. Dominic Ng of East West Bancorp said that China's holdings will likely increase because these are important for trade settlement purposes. He argued that China's money managers should diversify out of Treasuries to earn better returns. (cd)
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