. Medical and Hospital News .




.
POLITICAL ECONOMY
China holdings of US debt at $1.15 trillion
by Staff Writers
Washington (AFP) Feb 29, 2012


China cut its holdings of US debt by $118 billion as its own reserves fell in the fourth quarter, newly revised US Treasury figures showed Wednesday.

China's holdings of US Treasury securities fell 9.3 percent from September to December to $1.1529 trillion -- with most of the fall coming apparently in the final month of the quarter, according to the revised Treasury data.

In addition, US Treasury bonds held by Chinese territory Hong Kong totalled $121.7 billion in December, up $10.1 billion from September.

The new data showed Japan closing in on China's ranking as the top foreign investor in US debt.

Japan's Treasuries holdings rose 7.5 percent in the quarter to $1.0582 trillion.

The drop in China's share paralleled a sharp fall in China's overall foreign exchange reserves late last year.

In January, Beijing reported its total foreign exchange reserves, including US debt, fell to $3.18 trillion at the end of December from a peak of $3.27 trillion in October.

The fall came as its trade surplus began to narrow and as capital moved out of the country amid expectations that the yuan's appreciation against the dollar would ease.

Related Links
The Economy




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries


Online sales in China up 66% year-on-year: report
Beijing (AFP) March 1, 2012 - Online sales in China in 2011 grew 66 percent from the previous year, with turnover totalling 780 billion yuan ($125 billion), according to a report cited by state news agency Xinhua Thursday.

Online sales now account for three percent of total retail sales in China, with the proportion expected to rise to seven percent in 2015, according to the report published jointly by the International Data Corporation (IDC) and Chinese e-commerce giant Alibaba Group.

E-commerce in China has reduced production costs and increased employment with Taobao, China's largest online trade platform, creating more than 2.7 million jobs in 2011, the report said.

China has more than 500 million Internet users. Many sites offer cheap delivery and users can pay in cash on receipt of their goods.



.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
Japan industrial output rises 2.0% in January
Tokyo (AFP) Feb 29, 2012
Japan's industrial production in January rose by a bigger-than-expected 2.0 percent from the previous month as companies stepped up output of cars and electronic products, the government said Wednesday. The rise beat average market expectations of around 1.5 percent growth and followed a revised month-on-month rise of 3.8 percent in December. Industrial production is showing "signs of an ... read more


POLITICAL ECONOMY
Fears for safety at Fukushima one year on

Radiation fears haunt Japanese food shoppers

Flood-hit Japanese firms may quit Thailand: survey

Japan's tsunami victims: healed but still scarred

POLITICAL ECONOMY
LightSquared Undertakes Search for New CEO

Galileo on the ground reaches some of Earth's loneliest places

China launches 11th satellite for independent navigation system

Chinese province school buses to have GPS

POLITICAL ECONOMY
Did Neanderthals take to the seas first?

Georgia Tech Develops Braille-Like Texting App

New evidence of end of Neanderthals seen

Taking tips from Vikings can help us adapt to global change

POLITICAL ECONOMY
Immortal worms defy aging

Ice Age coyotes were supersized compared to coyotes today

Amoeba may offer key clue to photosynthetic evolution

Climate change, increasing temperatures alter bird migration patterns

POLITICAL ECONOMY
Mugabe admits 'comrades' have died of AIDS

Divides emerge in US, world response to mutant flu

H5N1 flu is just as dangerous as feared

Indonesia reports fourth bird flu death of the year

POLITICAL ECONOMY
China steps up Internet controls in Tibet

China to ban 'nasty' family planning slogans: report

China's Sina says microblog controls will hurt activity

China to water down secret detention law: experts

POLITICAL ECONOMY
Danish navy frees 16 held by pirates, two hostages killed

Britain funds Seychelles anti-piracy plan

Hit hard, Seychelles seeks Indian help against pirates

Denmark hands suspected Somali pirates to Kenya for trial

POLITICAL ECONOMY
China holdings of US debt at $1.15 trillion

Japan industrial output rises 2.0% in January

HSBC profit spikes to $17 bn on Asian gains

China risks economic crisis with no reforms: World Bank


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement