China, wary of the troubled US economy, has already "canceled America's credit card" by cutting down purchases of debt, a U.S. congressman said. China has the world's largest foreign reserves, believed to be mostly in dollars, along with around 800 billion dollars in US Treasury bonds, more than any other country. But Treasury Department data shows that investors in China have sharply curtailed their purchases of bonds in January and February.... [Full Story]Tags: China, credit, Treasury bonds, U.S. Treasury, United States To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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