According to the documents viewed by Reuters, China might be ahead of Wall Street when buying the government debt of the United States. This is because the People’s bank of China can buy the United States debt by a different method from other central banks.
China buys through primary dealers but has been able to bypass them since last year June. The Treasury Department has given China a direct computer link to its auction system which means that the country can participate without putting down their bids. The same was shown in the documents viewed by the Reuters. Kiran Kidwai – International Desk, NMTV