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Chinese own more than $1 trillion of U.S. debt
By: Bill O'ReillyMarch 1, 2011
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STORY EXCERPT
Reuters: China may have more potential than ever to influence U.S. debt prices after data showed the country owns more than a $1 trillion in Treasuries, almost a third more than previously thought.

Treasury Department data released on Monday showed that China held $1.16 trillion in U.S. government debt in December, the most recent month for which figures are available, up from prior estimates of $892 billion.

The revision came as investors are increasingly scrutinizing the world's largest holder of U.S. debt for any signs it may accelerate selling of U.S. government bonds.
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