Dave Manuel Logo
Sunday, April 20, 2014
Click Here to Subscribe to My Free Newsletter

DaveManuel.com BLOG POSTS
FRONT PAGE
ABOUT
SEARCH
CONTACT ME
SPECIAL FEATURES
INTERNATIONAL
ARTICLE ARCHIVE
BLOG POSTS
DICTIONARY
POLITICIANS
POL. NET WORTH
OTHER NET WORTH
U.S. DEBT CLOCK
SUPERPAC SPENDING
NEWSLETTERS
DEALS
U.S. UNEMPLOYMENT
INFOGRAPHICS
NEWSLETTER
ADVERTISE
ARTICLE FEED
BLOG FEED



2011-02-18 06:14:00 - By

China Has Purchased An Average of $227 Million Per Day Of US Treasury Securities Since December of 2000




Map of China As we mentioned yesterday, China is currently the largest foreign holder of US Treasury securities.

As of December, 2010, China held $891.6 billion in US Treasury securities, putting it slightly ahead of Japan ($883.6 billion).

According to historical data found on Treasury.gov (link below), China has added over $800 billion to their US debt holdings since December of 2000.

Back in 2000, China wasnít the largest foreign holder of US debt - Japan was. In December of 2000, the US Treasury department reported that Japan owned $317.7 billion worth of US Treasury securities, well ahead of China ($60.3 billion) and the United Kingdom ($50.2 billion).

At the end of 2000, the United States had a total outstanding public debt balance of approximately $5.66 trillion. Of this total, $1.015 trillion was held by foreign governments such as Japan, China and the United Kingdom.

--

Fast forward to December of 2010.

As of December 31st, 2010, the United States government had a total outstanding public debt balance of just over $14 trillion.

Foreign governments accounted for nearly $4.4 trillion of this total ($4.372 trillion).

The three countries who were owned the most US debt as of December 31st, 2010 were:

China, $891.6 billion
Japan, $883.6 billion
United Kingdom, $541.3 billion

This means that China has added $831.3 billion to their holdings of US Treasury securities since December of 2000. Japan and the UK have also significantly added to their holdings, but they havenít come close to buying at the rate that China has.

Over the past ten years, China has snapped up US debt at the rate of $83.1 billion/year, $6.93 billion/month, $1.6 billion/week and $227 million/day.

--

Everybody knows the story of Chinaís rapid ascent over the past decade, and everybody knows that China currently owns a pile of US debt.

People, however, may be surprised to learn exactly how much US debt China has bought over just the past ten years. The numbers are truly truly astounding.

Source: Treasury.gov - Historical Major Foreign Debt Holders Data

Source: Davemanuel.com - Current Foreign Debt Holders (December, 2010)


Filed under: General Knowledge



COMMENTS - What Say You?

No comments yet.

Leave a Reply (No Registration Required)

Name:



Your Comment:








Related Articles
Belgium and US Dollar - Illustration
Posted on: 2014-04-15 22:40:00
Belgian US Debt Holdings Continue To Spike

Posted on: 2014-03-24 22:30:00
Bloomberg: Foreign Buyers Slowing Down Their Purchases of US Debt
USA and Russia Flags - Illustration
Posted on: 2014-03-17 16:25:00
Russia: $138.6 Billion in Current US Debt Holdings
MtGox Logo
Posted on: 2014-02-25 01:54:00
Bitcoin Exchange MtGox Goes Offline
Russia - Map / Flag
Posted on: 2014-02-15 17:42:00
Many Americans Continue To Turn Sour on Russia and Vladimir Putin









Twitter

410



SPECIAL FEATURES

Debt Ceiling Changes (1940-Present)

United States Debt Clock

Where Did The DJIA/NASDAQ/S&P 500 Trade On..

Historical GDP Numbers for the United States

Historical Spending Increases

US Government Spending Breakdown 1962-2015

History of Deficits and Surpluses in the U.S.

History of Debt In The United States

Largest Foreign Holders of US Debt

Historical Gold Prices

Inflation Calculator

What Did It Cost?

Hedge Fund Filings

Historical Unemployment Rates in the United States

Historical State Unemployment Rates

Canada Debt Clock

A History of Bank Failures in the United States

Dow Jones Historical Data

Nasdaq Historical Data

S&P 500 Historical Data

Median Household Income History

House of Representatives History

Compound Interest Calculator

List of Failed US Banks 2000-Present

Historical Unemployment Rates in Canada

UK Debt Clock

Intragovernmental Holdings

Historical Fed Funds Rate

Historical Bitcoin Prices

Financial Twitter Alerts




BLOG POSTINGS

Mark Cuban Not Sweating His Lack of Involvement in Box IPO

Vince McMahon a Billionaire Once Again

Parsing Obama's 2014 State of the Union Address

NHL Franchise Values Continue To Soar

Twitter To Trade Under TWTR Symbol

Shares of Tesla Drop on Downgrade, Car Fire

More Problems Arise For JC Penney

AMC Networks Basks In Glow of "Breaking Bad" Finale

Facebook (Momentarily) Regains Its IPO Price

Most Expensive US Real Estate Listing Ever Hits The Market



INTERNATIONAL

I Migliori due Broker Forex in Italia

Etoro - воспользуйтесь силой крупнейшей в мире

Hostgator Cupones Descuento



POLITICAL NET WORTH

Ted Cruz Net Worth

Marco Rubio Net Worth

Hillary Clinton Net Worth

John Boehner Net Worth

Paul Ryan Net Worth

Rick Santorum Net Worth

Newt Gingrich Net Worth

Mitt Romney Net Worth

Ron Paul Net Worth

Joe Biden Net Worth



OTHER NET WORTH

Stephanie McMahon Net Worth

Satya Nadella Net Worth

Paul Allen Net Worth

Adam Silver Net Worth

Peyton Manning Net Worth

Jay-Z Net Worth

Winklevoss Twins Net Worth

Chris Christie Net Worth

Adrian Peterson Net Worth

Eminem Net Worth

Anderson Silva Net Worth

Jack Dorsey Net Worth

George W. Bush Net Worth

Dick Cheney Net Worth



FUND HOLDINGS

CAXTON ASSOCIATES LP

Third Point LLC



MOST RECENT DICTIONARY ENTRIES

Annex

Cold Storage

Asset Allocation

Surge Pricing

Vault Cash

Hot Wallet

Deep Web

Garnishment

Return

Landslide Victory




CREDIT CARDS AND OTHER SERVICES

The Top Three Online Stock Brokers In Canada

The Top Two Forex Brokers in Canada

Economist GMAT Tutor Review

MyHosting.com Promo Code

Media Temple Special Offer Code

Etoro - Tap Into The Power of the World's Largest Social Investment Network

Certified Hosting Promo Code

Yahoo! Web Hosting Coupon Code

Hostpapa Coupon Code

Hostgator Coupon Code

Fatcow Discount Coupon Code




ARTICLE ARCHIVES

Blog Posts

Company Reviews

Daytrading

General Knowledge

General Market News

Health + Fitness

Hedge Fund News

Internet Companies

Making Money Online

Motivational

Online Forex Trading

Real Estate News

Stock Market Education

Stock Market Scandals

The Economic Meltdown

Trader Profiles



DaveManuel.com - Copyright 2014, All Rights Reserved | Advertise | Privacy Policy | Disclaimer