China: United States: US debt in Chinese hands up, foreign direct investment to China down

China's holdings in US sovereign debt reach US$ 1178.9 billion. After dropping in 2011, they are up again this year. Foreign direct investment in China falls by 6.1 per cent because of a stronger yuan and competition from other countries like Vietnam and Indonesia.

Beijing - China remains the largest holder of US debt. However, a negative outlook continues to loom over its economy. At the same time, foreign direct investment drops for a fifth straight month in March.

Beijing bought US $12.7 billion in US Treasuries, increasing its holding to US$ 1178.9 billion in February. This rise comes after China last year reduced the amount of US sovereign debt it held, the first time in a decade.

Analysts believe that the change in trend shows greater confidence in the expansion of the US economy compared to Europe. Others maintain however the two economies are closely interlinked.

Meanwhile, inbound investment fell 6.1 per cent from a year earlier to US$ 11.76 billion, the Ministry of Commerce said today in Beijing, the fifth month of decline in a row.

The negative outlook for investment is partly due to Europe's crisis but also to a stronger yuan and higher labour costs.

Other developing countries have also become more competitive than China, including Vietnam and Indonesia.

 



Source: Asia News

Comments

Spero News
 

Disney drops 'Good Luck Charlie'

Most popular show on television in its time-slot for youth under 15.

Conference to focus on advances for Paraguayan electronic media

An international conference on digital migration will take place in Paraguay on July 4, just as the South American country concludes an agreement with El Salvador to share electronic content.

Mexico: Food prices sky-rocket

Tomatoes are going for $5.77 per kilo in Mexico.

On Heaven and Earth: an excerpt

Cardinal Jorge Bergoglio, before his election to the papacy as Francis, conversed with Rabbi Abraham Skorka on the commonalities of Jewish and Catholic faith.

Islamic State beheads Christians for supposed 'apostasy'

A Syriac Orthodox bishop of Mount Lebanon and Tripoli has been quoted as saying that Muslims are 'enemies of Jesus', in light of both ancient and modern persecution of Christians. Graphic photos.

Chagas and chikungunya diseases spread in Texas

Chikungunya and Chagas disease are prevalent in Latin America. Visitors to those areas may be bringing it to the U.S. Dogs are a prime factor in spreading fatal Chagas infections.

After Israel, the next stop for Hamas is the Vatican

The Hamas terrorists have had no qualms about launching missiles at the holy city, Jerusalem, and the sites allegedly holy to Islam. So too they will have no qualms about attacking Rome.

Michigan subsidizes deer for wealthy landowners

Most deer reside on private land, according to Michigan's Department of Natural Resources, and thus need public money.

This page took 0.1367seconds to load