The following figures from the Treasury Department indicate the amount of debt owed by the United States to China and Japan. Today each of these countries holds about 7-9% of U.S. debt. From January 2001 to December 2008 (aka the George W. Bush administration) the amount owed to China grew from $61.5 billion to $727.4 billion, the latter figure nearly 12 times the earlier figure. In the first four years of the GWB presidency, the debt to China increased nearly 4 times. Under President Obama, this has continued, though the growth rate has slowed. In January 2009 the debt to China was $739.6 billion, rising to $1151.9 billion in December 2011, about 1.5 times the earlier figure. U.S. debt to Japan doubled in the 8 years of the Bush administration, and under Obama the debt to Japan is nearly double what it was when he took office.
In billions of U.S. dollars
1/01 10/01 12/01 06/02 12/02 12/03 12/04 12/05 12/06 12/07 09/08
China 61.5 72.3 78.6
96.5 118.4 159.0 222.9 310.0 396.9 477.6 618.2
Japan 312.3 314.5 317.9 335.8 378.1 550.8 689.9 670.0 622.9 581.0 617.5
12/08 01/09 12/09 06/10 12/11
China 727.4 739.6 894.8 1112.1 1151.9
Japan 626.0 634.8 765.7 799.9 1058.0
Japan 626.0 634.8 765.7 799.9 1058.0
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