China Owned Over $1.3 Trillion of US Debt As Of October/2013

China is not one of those countries.
Over the past 12 months, China has seen their holdings of US debt grow by over 11.5%. As of October/2013, China reportedly owned $1.3045 trillion of US debt, putting them far ahead of Japan, who listed US debt holdings of $1.174 trillion.
Foreign holders accounted for $5.6535 trillion of US debt holdings as of October/2013. This makes China's number even more impressive, as this means that they accounted for 23.07% of all foreign ownership of US debt as of the end of October. Throw Japan into the mix, and the two countries accounted for nearly 44% of all foreign ownership of US debt.
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In October of 2012, China owned $1.1699 trillion of US debt. As of October/2013, this number had increased to $1.3045 trillion.
There was some thought that China was scaling back on their US debt purchases, but they have, in fact, substantially added to their holdings over the past year.
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The top five holders of US debt as of October/2013 were:
China, $1.3045 trillion
Japan, $1.1744 trillion
Caribbean Banking Centers, $290.7 billion
Brazil, $246.7 billion
Oil Exporters, $236.6 billion
Source: Biggest Foreign US Debt Holders
Filed under: General Knowledge