China Becomes US Second Biggest Bondholder

The People's Daily (CCP News) ^ | 7/29/02

[Enemy Of The State]

China Becomes US Second Biggest Bondholder

China has risen from its 4th place to become the second biggest bondholder claiming US$82 billion worth securities in the US. Japan still with US$317.3 billion securities on hand stays atop.

The UK comes third with a sum of US$49.4 billion. Hong Kong takes the 6th place and China's Taiwan Province 9th alongside the others as known from US official data lately released.

[Enemy Of The State]

Not good!

[mlocher]

i don't know about 'not good'.

i can hardly wait for the us gov't to default on its loans and leave china holding the bag. you would think that communists would be smarter than to invest in socialistic programs!

[Thane_Banquo]

Why is it not good? They have no power to influence buy owning federal bonds. Bonds are debt, not stock. When you own stock, you can tell the company whose stock you own what to do. When you own bonds, you have no such rights whatsoever. A bondholder cannot tell the US government what to do just because he owns a government bond.

[Texas_Jarhead]

lol

[kezekiel]

I especially liked that "China's Taiwan province" part.

[d4now]

Ha ha ha...bonds topped out last week!

Seriously - I'm laughing my myself silly...

[free from tyranny]

Hey, what's with the statement "China's province.....Taiwan"?

Jiang and the other octa-thugs should look to thier southwest for some renegade provinces. Lobelt Mugabe call home!

[Red Jones]

for my education, why is it absolutely not good?

[WRhine]

China Becomes US Second Biggest Bondholder

Such is the legacy of a debtor nation that negotiates one way trade deals that inures to the benefit of the other side. The Chickens are coming home to roost.

[PhilDragoo]

China's Taiwan Province

Right, Dorothy, click your red shoes together and keep saying, "China's Taiwan Province, China's Taiwan Province"--

[China, Delusional Loser; China, Delusional Loser. . . .]

[HumanaeVitae]

"Not good!"

I don't know about that. Would you nuke your bank?

[caa26]

So China for a long time has been one of the largest holders of US dollar reserves. I don't see this has a big deal. I'm more concerned about the Chicom gov't trying to steal US technology.

[SBeck]

Let's not lose sight of the fact that we are the biggest bond holders and our number is in the trillions. Trust me on this, nobody really understands what billions of dollars mean.

[Brian Allen]

<< I especially liked that "China's Taiwan province" part. >>

Good to see that the psychopathological Peking based mass-murdering Maoist mob of 250 invading, colonising, enslaving, butchering, lying, looting, thieving gagster bastards that calls itself "china" is still delusional about its relationship with the FRee Men of the Taipei, Taiwan based FRee Republic of China, eh?

Dream on Peking butchers!

[You and the four hundred million islamanazis who delude themselves of the day they would invade and attack Israel's similarly FRee Men!]

Dream on!

[Libertarianize the GOP]

.

[Torie]

Well since the US national debt is about 6 trillion, about half of that external (debt owed to third parties rather than inter government debt, most of the latter of which is owed to the social security trust fund), that means the Chinese have about 1.35% of total debt and 2.7% of external debt, and that we are all going to die.

[Enemy Of The State]

no I wouldnt nuke my bank but I would sure collect on the debt owed or maybe consider selling off the bonds in such a rate that would affect the value of the dollar.

[HumanaeVitae]

Just joking there. But if the ChiComs have their money here, I guess they can't hate the capitalist system too much...cheers HV.