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Beijing is the largest holder and buyer of the US Treasury securities despite the two countries being engaged in a spiral of mutual trade restrictions.
In one year, China has increased its holdings of the US debt from $117 billion to $118 trillion despite the harsh rhetoric from the White House. One of US’ closest allies Japan, on the contrary, has sold $56 billion in treasuries over the period to $1.059 trillion. RT talked to an analyst who explained why it is not the other way round.
“The US enemy in the ‘trade war’ not only does not sell American securities, but also buys them at a record pace. For example, in February, China acquired more treasures than any other country,” Mikhail Mashchenko, an analyst at social network for investors eToro told RT.
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