China's 3-month increase in U.S. debt remains America's biggest creditor

"Caijing reporter Fanglu" local time November 16, the U.S. Treasury released a report that the US's largest creditor China increased its $15.1 billion trillion U.S. debt in September.　　This is China's third consecutive month of increased holdings of U.S. debt. Experts interviewed by Caijing said that China's continued increase in U.S. debt is the normal category, and the debt-buying countries are weighing on long-term short-term benefits.　　In addition, China's increased holdings of U.S. debt does not mean that the U.S. debt must be safer than the Japanese and European debt, mainly to see the market situation. In August 2010, China increased its holdings of $21.7 billion trillion in U.S. debt, significantly exceeding the July dollar increase of $3 billion.　　May, June, China's reduction of U.S. debt, a total reduction of 56.5 billion U.S. dollars. As of September, China held a total of $883.5 billion trillion in debt to the first creditor, Japan increased 28.4 billion U.S. dollars in U.S. debt, the total U.S. debt to 865 billion U.S. dollars in the second, the United Kingdom to increase its $9.6 billion U.S. debt to the total of 459.1 billion U.S. dollars in the third;　　The total reached 230.5 billion U.S. dollars ranked fourth, Brazil increased U.S. debt 10.5 billion U.S. dollars, the total reached 175.6 billion U.S. dollars in the fifth.　　The report notes that as of the end of September 2010, foreign creditors held a total of about $4.269 trillion trillion in U.S. debt, an increase of $57.3 billion from August. With the recent Fed's second round of quantitative easing, the spread of the dollar began to raise fears of a bubble in US debt.　　The dollar's depreciation as the current top international reserve currency means that global dollar assets will shrink. November 17, Wang Rongjun, deputy director of the Economic Research Institute of the American Academy of Social Sciences in China, said in an interview with Caijing reporter The international community's concern about dollar assets is long-standing, and we need to consider where the reserves will be used, such as the suggestion that we buy commodities, resources, minerals, etc., but in fact, Whatever you go to buy will be risky.　　"It cannot be said that the risk of buying US debt must be greater than that of other bonds." China has increased its holdings of Japanese government bonds for 7 consecutive months, and has been heavily reduced for two months. In August, China slashed its holdings of 2.02 trillion yen to Japanese government bonds.　　In September, China continued to reduce its JGBs to 769.2 billion yen. In Wang Rongjun's view, "reduction or overweight is a normal event, with no connection to international relations."　　He believes that the increase in national debt mainly depends on its structure, long-term or short-term national debt, including other countries will also appear in different months to reduce or overweight behavior. Even after the Fed introduced quantitative easing, Treasury bonds, as an investment vehicle, were "still a choice" for countries. Wang Rongjun said: "As the same bond varieties, U.S. debt relative to Japanese debt, European debt, the U.S. debt is not necessarily the most risky." "According to Wang Rongjun analysis, as a foreign exchange reserve investment, China is to put safety in the first place, will not fully consider the proceeds, because the depreciation of the dollar is a long-term trend, in the short term is not necessarily devalued, and may even rise."　　Therefore, consideration should be given to short-term and long-term balance issues. Wang Rongjun that buying bonds depends onWhen the whole asset allocation, market conditions, not "China must follow the United States". He stressed that the focus was on the security, value and value added of the assets themselves.　　As to whether China will make a bond or continue to buy, it is still based on the market. (Network editor Deng Meiling)