Question

China's Treasury holdings amounted to about $1.28 trillion, or 7.6% of the total debt.

a. true
b. false

Answer 1

China's Treasury holdings amounted to about $1.28 trillion, or 7.6% of the total debt.

Step-by-step explanation:

The statement is true. China's Treasury holdings amounted to about $1.28 trillion, or 7.6% of the total debt. As the world's second-largest economy, China holds the largest amount of U.S. public debt among foreign nations. Its large holdings of U.S. Treasury bonds have made it a significant player in global financial markets.