The government now says that China did not lose its place in December as the largest foreign holder of U.S. Treasury debt.
The Treasury Department said that under annual benchmark revisions released Friday, China’s holdings of U.S. Treasury securities stood at $894.8 billion at the end of December, keeping it in first place ahead of Japan.
On Feb. 16, the government reported data that showed China had been surpassed by Japan. However, the government said in the new report that those figures did not account for purchases by Chinese investors in such places as Britain.
If you’re going to issue a report, shouldn’t you check all your facts before issuing the report? Why is it that the government is always “revising numbers”?
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