China increases US Treasury bond holdings by $19.7b

China remains the largest foreign creditor of the United States after it increased its holdings of US Treasury bonds by $19.7 billion in December, the US Treasury Department said on Friday. December was the third consecutive month in which China increased its holdings of US Treasury securities. A total of $1.202 trillion in US treasury bonds were held by China at the end of 2012, compared with $1.183 trillion in November, and $1.151 trillion at the end of 2011. Japan, the US' second-largest creditor, also increased its holdings of US Treasury bonds, to $1.12 trillion in December.

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