NPR: Stephen Green, head of research at Standard Chartered Bank in Shanghai, speaks with host Liane Hansen about how the global financial crisis has hit China. China has close to $1.3 trillion invested in U.S. debt with up to $500 billion in agency securities.
According to web source, five banks: ICBC, BOC, CCB, CITIC, CMB invested USD $25B in Fannie Mai and Freddie Mac debt.
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