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The US national debt to China reached a record level

The volume of US government debt bought out by the PRC reached a record high of 1 trillion 317 billion dollars. Thus, Beijing has invested more than a third of its foreign exchange reserves, estimated at 3,82 trillion dollars, in US debt instruments. As it became known from the published statistics of the American Ministry of Finance, only in November 2013 of the year Beijing invested more than 12 billion dollars in the debt obligations of the US Federal Treasury.

China is America’s largest foreign investor. Despite the low yield, US debt is one of the most reliable tools for investing money, economists say. Many US experts believe that buying China a significant amount of US debt (about 8 percent of the total) is a threat to national security: Beijing may resort to financial threats in the event of a significant aggravation of relations with Washington. US national debt at the moment is more than 16 trillions of dollars.

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