In August 2012 China held $1.154 trillion in U.S. treasuries. Nothing much has changed other than that Japan almost has more U.S. treasuries than China.
As China holds its U.S. treasury holdings steady, the Chinese yuan has rallied somewhat against the U.S. dollar. I wonder what they will buy with these valuable yuan if they are not buying U.S. treasuries.
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| Chart 1: China U.S. Treasury Holdings |
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| Chart 2: USD/CNY |
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