China voiced continued concerns about the US Dollar devaluing. According to the report China currently holds 789.6 billion in Treasuries which is $9.3 billion less than it held in November. According to economist Thomas L. Friedman china has 2 trillion in reserve in foreign currency. Bloomberg today reports the figure at 2.4 trillion due to continued purchases of US dollars to prevent the yuan from strengthening.  If China de-pegs from the dollar it will purchase fewer Treasuries. The Times warned back on January 7, 2009 that China was losing interest in acquiring further US debt.

          On March 19, 2009 Forbs.com reported that China had $2 trillion in foreign exchange reserves, half of which were invested in Treasuries and other U.S. government bonds. On March 14, 2009 SFGate.com reported that the Washing Post reported that China was holding $1 trillion in American bonds.

          It would appear that China is slowly divesting itself of dollar denominated securities.