China Has $1 Trillion in US Dollar Reservesposted by MR WAVETHEORY at 11/13/2006 02:11:00 AM
China said its foreign exchange reserves reached $1 trillion for the first time. About 70% of these reserves are currently invested in dollar denominated debt.
To put that into perspective, the US national debt is $8 trillion. That means China owns about 10% of US national debt outstanding!