China Abandons the U.S.S. America

[JBeukema]

China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.

China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills | CNSnews.com