On the recordMarch 24, 2004
Last year, of the $370 billion that we borrowed, foreigners financed 70 percent of it. The Red China central bank has increased their holdings of our debt by 70 percent in the last 26 months.
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govinfo.govJohn Tanner: “Last year, of the $370 billion that we borrowed, foreigners financed 70 percent of it. The Red China central bank has…”
Editor's note · Context
Discussing foreign financing of U.S. debt.
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