China Poised to Lose Top U.S. Lender Spot to Japan
China is set to lose its place as the U.S.’s biggest creditor for the first time since the height of the financial crisis. According to the Treasury Department, Chinese holdings of Treasuries increased by 0.1% this year through August to $1.15 trillion. Japan, a stronger ally of the U.S., raised its stake by 6% to $1.12 trillion, on pace to top the list of foreign creditors by January.
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