China is no longer the biggest foreign holder of U.S. debt
(CNN): Beijing has been dumping U.S. government debt to prop up its currency. China uses the dollars it gets from selling U.S. Treasuries to buy the yuan, which has sunk to an 8-year low as the world’s second largest economy slows. China’s huge holdings of U.S. debt fell to $1.12 trillion at the end of October, their lowest level in… Read more »