Vladimír Urbánek (Kurzy.cz)
Markets  |  October 16, 2012 14:03:43

China ceases to be the largest creditor to the U.S., it probably will soon replace Japan, is preparing for presidential change?


According to recent statistics, the U.S. Treasury Department in China this year to the end of July fell holding U.S. treasuries ie government bonds 0.2% to 1.15 trillion USD. The most populous country in the world is slowly but surely pushes the position absolutely and sovereignly largest U.S. lender, which had belonged since the crisis began in 2008. On her back this year breathes Japan that its holding Treasuries still increased by 5.6% to 1.12 trillion USD.
China most U.S. bonds held last year, namely 1.31 trillion, which was almost double compared to the situation before the crisis in 2007. From this point of Chinese investment declined by 12%. For comparison, Japan's time the story was increased by 27%.

It is estimated that at the end of August China over the last 12 months has increased its total foreign exchange reserves by 1.3% to 3.24 trillion USD. Japonské foreign exchange reserves in the same period increased by 6.7% to $ 1.2 trillion. USD.

China is reducing U.S. bond holdings probably preparing for a possible change in the post of U.S. president. Mitt Romney in his campaign repeatedly stated that he wants for his success to push on China due to a lack of appreciation of its currency and přetvrdit some existing trade agreements. Romney even said that the current state of "stealing" Americans work.
Current President Obama to address these ideas except to note that expressed by the mouth of the former owners, who were among the first outsourced to the east.

The Chinese yuan is currently the strongest since the beginning of dollar quotations in 1993. Japanese yen for the last six months has strengthened against the dollar by 1.8% and grew the most of all the currencies of developed economies.

Demand for U.S. Treasuries is still very high and rising. In 2012, the U.S. sold a total of 1.68 trillion USD. Investor interest but corresponded approximately 3.17 times the amount offered. In 2011, for every dollar of debt offered $ 3.04 seemed real demand.
Ten-year Treasuries yield decline year on year from 2.25 to 1.68% during the previous day. In the last decade, the average yield was around 3.7%.

Trade deficit with China this year, reaching a level of 203.1 mld.USD. With Japan then 52.6 mld.USD.

China overtook Japan in the position of the second largest economy in the world in 2010. The growth of the Chinese economy for this year is estimated at 7.7%, Japan's then only by 2.3%.
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