China Remains Biggest Holder of U.S. Debt

May 2, 2010


WASHINGTON—The verdict is in: China is still the top holder of U.S. government debt, the Treasury said in a report on Friday.

The report showed that as of December, China held $894.8 billion in U.S. securities. The figure is consistent with a preliminary report released in late February.

Friday’s final version of that report puts to rest a question about whether Japan had surpassed China as the top holder of U.S. debt in December. A report released by the government in mid-February had suggested that China had lost its top spot—one it had gained in 2008.

But then, later that month, the Treasury revised that finding in the preliminary report that found China still held the top spot.

Friday’s report also shows that China’s holdings have declined since the end of last year by $17.3 billion as of February, but nevertheless still remained the top foreign holder with $877.5 billion. Japan in February 2010 had $768.5 billion, while the U.K. had $233.5 billion.


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