China consecutive three-month U.S. Treasury holdings on a large scale
After three consecutive quarters of 3 months on a large scale holdings, as of the end of September, for the first time China over Japan, 585,000,000,000 U.S. dollars to become the largest holder of U.S. government bonds. According to the U.S. Treasury Department yesterday released the latest data, in September this year, China held a net increase of U.S. treasury bonds 43,600,000,000 U.S. dollars, the amount of holdings not only set a record high this year, almost holdings last month, twice the 22,300,000,000 U.S. dollars. January to September, China's total holdings of U.S. treasury bonds 107,400,000,000 U.S. dollars. In addition to the February and June for a net reduction, the other holding a net gain for the month. It is worth noting that since July this year, Chinese holdings of U.S. Treasury rate is increasing. At the same time, after the United States has occupied the top of the number of bonds held by Japan, the two appeared on the reduction, holding last month from the 586,000,000,000 U.S. dollars to reduce 573,200,000,000 U.S. dollars, reducing 12,800,000,000 U.S. dollars. However, analysts pointed out that, in fact, sub-loan crisis, China has continuously increased holdings of U.S. treasury bonds to choose a upset and holders of other currencies because of the risk assets may be greater. Financial and Economic Committee of the National People's Congress vice chairman, former central bank vice governor Wu Xiaoling said the other day, 1.9 billion U.S. dollars in foreign exchange reserves, mostly dollar-denominated assets, which means a huge foreign exchange reserves have shrunk risk. Many people continued weakness against the U.S. dollar with no choice, but still can not find the second alternative U.S. currency. Wu also pointed out that in the course of the crisis in a prudent and responsible attitude rather than panic sell-off, so that the entire financial market as a whole. At present, China's foreign exchange reserves management strategy will not make a big adjustment. However, there are professionals suggested that the current international oil and commodity prices against a background of the use of the Exchange could be considered a strategic energy reserves as well as gold reserves, and so on, can alleviate the pressure of huge foreign exchange reserves.