REPORT – China currently holds $1.239 T of US treasury bonds down from $1.244 T five months ago. One reason for this scale back, according to some analysts, is the weakness of the Chinese Economy which is now at a 25-year low. China and Japan hold 40% of US debt, with Belgium third. European countries are also seeing the dollar as a safe haven as the European Central Bank has begun a quantitative easing programme. The US Federal Reserve has begun a two-day debate as to whether continue with the current direction of low interest rates which one critic has called ‘monetary heroin’.