The Treasury Department reported that China’s huge holdings of US government debt soared to a total of $1.15 trillion

Just as US President Donald Trump seeks to target Beijing over what he thinks are “unfair trade practices,” the Treasury Department has confirmed that China has more holdings of US debt than any other nation.

The Treasury Department reported that China’s huge holdings of US government debt soared to a total of $1.15 trillion (980 billion euros) in June, marking a jump of $44 billion month on month.
The rapid monthly rise saw China emerge as the United States’ largest creditor again, after Japan had held that position for the previous eight months.

The finance ministry confirmed that China had ranked as the biggest foreign creditor for much of the past nine years.

The enormous sum that the US owes China has accumulated over decades as China keeps exporting a lot more to the United States than it imports from the country, leading to a vast trade surplus.

http://www.dw.com/en/china-is-united-states-biggest-creditor-once-again/a-40130043