42 percent of foreign-owned U.S. debt held by China, Japan

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  • jpc53 Cottonwood Heights, UT
    Oct. 23, 2012 10:38 p.m.

    I guess it is a jucier story to say that the Chinese own 21% of the foreign owned US debt than to say that the $1.15T they own is approximately 8% of the total US Debt.

  • mcdugall Layton, UT
    Oct. 23, 2012 8:55 a.m.

    China and Japan purchase so much US debt because that is the mechanism they use to devalue their own currencies.