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China holdings of U.S. debt $1.16 trillion

A Chinese man takes a photo of an art installation piece described as 'socialist workers upholding the strength of China's wealth' placed on a sidewalk in an international art zone in Beijing December 5, 2010. The Chinese yuan rose to a new hight against the U.S. dollar this year, taking a first step toward greater flexibility the Chinese central bank promised when it eased the currency's peg in recent months. UPI/Stephen Shaver
A Chinese man takes a photo of an art installation piece described as 'socialist workers upholding the strength of China's wealth' placed on a sidewalk in an international art zone in Beijing December 5, 2010. The Chinese yuan rose to a new hight against the U.S. dollar this year, taking a first step toward greater flexibility the Chinese central bank promised when it eased the currency's peg in recent months. UPI/Stephen Shaver | License Photo

WASHINGTON, March 1 (UPI) -- China, the largest holder of U.S. debt, held $1.16 trillion of U.S. Treasuries at the end of December, 30 percent more than previous estimates, officials said.

The numbers are presented in the U.S. Treasury Department's revised annual statement. In its earlier monthly estimate, released Feb. 15, China's December holdings were put at $891.6 billion, down from $895.6 billion in November.

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The revised figures showed China had cut its December holdings by about $4 billion from that of November.

Japan was the second-largest holder of Treasury securities with $882.3 billion at the end of December, up from November's $875.9 billion. Britain was third with $272.1 billion, up from $242.5 billion in November.

Foreign holdings of U.S. debt at the end of December totaled nearly $4.44 trillion, up from $4.41 trillion in November, the revised figures showed.

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