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no one can deny that China's large holdings of U.S. government bonds is actually the U.S. government and a U.S. economic assistance. China, the United States so that assistance, the United States is where the? This is a very worthy of the Chinese Government, Chinese intellectuals and the public concern. But very regrettably, so far very few Chinese economists conduct a detailed analysis.
should be recognized that, to date, the U.S. government did not actually purchased by China's use of United States Government debt to make specific and direct detailed description but any one can deny that the U.S. Federal government issuing bonds, including treasury (treasury bills), Treasury promissory notes (treasury notes) and the federal government bonds (treasury bonds), etc., with all countries, like government bonds, essentially to solve the financial revenue and expenditure imbalance of economic instruments. So long as we present the U.S. government to make a structure overlooking the actual expenditure, they can understand China's assistance to the United States money was used in the where the U.S. government.
since World War II, the U.S. government fiscal expenditure, social security (including pension, medical, etc.,), education and national defense expenditure in the U.S. government the largest projects, particularly social security, now more than 50% of U.S. government spending. For example, in the United States in 2010, according to data released by the U.S. government, U.S. federal, state and local government finance 6.532 trillion U.S. dollars, its spending roughly as follows:

a) health care, 17 of total expenditure %

b) education, security, total expenditure 16%

c) old-age security, the total expenditure 15%

d) defense spending, accounting for total expenditure 14%

e) social welfare, total expenditure 11%

f) Interest 257.7 billion U.S. dollars of government debt, total expenditure 4%
g) of the other, such as transportation, government administration, etc., the total expenditure of 23%

U.S. federal, state and local government expenditure in 2010 Schematic

be noted that in the above expenditure, health care, retirement security, social welfare, etc., are in fact social security. Also be noted that in other expenditures, but also there are actually areas should be classified as social security, because they are actually social security, but the name is different. For example, labor protection, etc., are in fact social security. If these are counted within the scope of social security, social security and education spending far more than 60%.
thus the only conclusion can be drawn: The need for a large number of U.S. government debt, of which 58% is due to social security. If the debt interest is also included, as high as 60%. The theory, the social security is not the case if the United States consumes the U.S. government's fiscal revenue, the U.S. government's debt would be reduced by 60% (as a practical matter would not produce even the debt). In other words, in theory, at least we can say that overall the Chinese ownership of U.S. government bonds, in fact, 60% of the United States in aid of social security and education, 14% is in aid the United States national defense.
As is well known, China is now held by U.S. government bonds reached a record level of 900.2 billion U.S. dollars, according to the Chinese Government Administration of Foreign Exchange July 1, 2010 announced by the central parity of RMB against the U.S. dollar (6.785) terms, equivalent to 6.108577 trillion yuan, an official announced in 2009 the total GDP of China (33,535,300,000,000) of 18.21%.
China is the basic situation of U.S. Treasury holdings diagram

Note:

a) in units of 100 million U.S. dollars
b) Here is the Chinese ownership of U.S. government bonds of the situation and does not include government bonds outside

this conversion, China by buying U.S. government bonds and implementation assistance to the United States as follows (RMB):

a) Medical Insurance: 10384.5809 100 000 000

b) Education and Protection: 9773.7273 100 000 000

c) Pension: 9162.8655 100 000 000

d) national security: 8552.0078 100 000 000

e) Social Welfare: 6719.4347 100 000 000

f) Other items: 16493.1579 100 000 000

In addition China has a large number of Securities held by other U.S. Treasury (the government did not announce the specific amount, but to professional estimates, only two rooms as much as 367 billion U.S. dollars debt, there has even been said to be 500 billion U.S. dollars), while If you add to those held by China, other U.S. bonds are also included, the number is even more shocking, far more than 20%.
However, we must be frank to point out that China's present in this kind of assistance is unprecedented in the world, is ridiculous assistance. Although China's socio-economic development of the past three decades has a very impressive pace of development, but the per capita GDP, the level in the world is still lagging behind, even the U.S. per capita GDP thirteenth not that in such circumstances, the funds will be lent to the United States so much, that is the world's richest countries, with a poor lending money to a rich man, and not essentially different. And such assistance is almost to be \included, more. According to the National Bureau of Statistics released on January 21, 2009 statistics, the year 2009, Chinese urban residents per capita disposable income of 17,175 yuan; farmers to 5,153 yuan lower per capita income. This shows that China's assistance in layman's terms that the United States, that is, a poor, regardless of their basic safety and education, lending money to a rich man to aid the rich basic safety and education. This economic assistance is not yet a world record, \

, particularly frustrating is that although a large number of holders of U.S. Treasury securities in China, the implementation of large U.S. economic aid, but the United States does not appreciate. Federal Reserve Chairman Ben Bernanke openly stated that, because of China's high savings, the U.S. has caused the recent financial crisis and the plight of the economic development of the Western world. In other words, the U.S. perspective, if China is not a lot to buy U.S. Treasury securities, the U.S. economy on the possibility of a financial crisis, not to the plight of trapped development. In effect, a certain sense, the reason why the United States to lead the West to appreciate the renminbi, also lies the key reasons. Shows that a large number of holders of U.S. Treasury securities, aid the U.S. economy turns out to be throw good money off soldiers, a thankless task.
So, whether we look at the Chinese must take immediate and effective measures, a large number of holdings of U.S. government bonds, to stop the huge amount of economic aid the U.S. economy. The only way we can get rid of this poor relief to the problems caused by the rich.
(This article Source: People's Network)
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