corporate bonds, where the purchase was worth 41 billion dollars, after waves of selling five-months.
China is the largest investor in U.S. Treasury bonds with a total investment of 696.2 billion dollars to up to the end of last year, while investment reached 578.3 billion to Japan and Britain to the U.S. $ 355 billion dollars.
Said Kathy Lien Director of Research Institute for Global Currency Trading Currency the high price of the dollar against other currencies, which began in December last was due to increased demand for the dollar by foreign investors.
Lien said that despite the economic difficulties faced by China, they contribute to the financing of the U.S. Treasury.
It is noteworthy that China has 1.9 trillion dollars of foreign exchange reserve is the largest in the world.
The United States trade deficit with China in 2008 to 266.3 billion dollars
Wednesday, February 18, 2009
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