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  • China buys more US debt in September



    CHINA bought more United States Treasury debt in September, and total foreign holdings rose for a second straight month.

    Total foreign holdings of Treasury debt rose 1.9 percent to US$4.66 trillion, the US Treasury Department said yesterday.

    China, the largest foreign holder, bought 1 percent more to bring its total holdings to US$1.15 trillion. China had cut its purchases by 3.1 percent in August.

    The gains suggest foreign demand for US debt remains strong, despite a prolonged debate this summer over increasing the nation’s borrowing limit. Investors also don’t appear to be concerned that Standard & Poor’s downgraded the credit rating on long-term US debt in August.

    S&P said it lowered the US credit rating because of politics that slowed the debt limit increase and not because it thought the US couldn’t pay its bills. US government debt is considered a safe investment. It has been in high demand as the European debt crisis has intensified.

    Japan, the second-largest buyer of Treasury debt, raised its holdings 2.2 percent to US$956.8 billion. Britain, the third-l


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