China added to its holdings by $7.6 billion in April and $7.3 billion in May, according to data from the US Department of the Treasury.
根据美国财政部公布的数据，中国分别在四月和五月分别增持76亿美元和73亿美元的美国国债。
As the largest creditor of the US, China has been closely watched for its investments in dollar assets, especially after Standard & Poor's downgraded the credit rating of the US.
作为美国最大的债权人，中国一直密切关注其投资的美元资产，特别是在标准普尔下调美国信用级别之后。
Japan, the second-largest holder of US Treasuries, reduced its holdings by $1.4 billion in June, leaving them at $911 billion. Britain boosted its holdings from May's $346.8 billion to $349.5 billion in June.
日本，美国国债第二大持有者，六月减少其持有的14亿美元国债，使其持有量保持在9110亿美元。英国将其在五月持有的3468亿美元增至六月的3495亿美元。
Yuan Gangming, a researcher at the Center for China in the World Economy at Tsinghua University, said the purchasing of US Treasuries reflects China's limited choice regarding its $3.2 trillion foreign exchange reserve.
袁钢明，清华大学世界经济研究中心研究员，称购买美国国债反映出中国对3.2万亿美元外汇储备缺乏更多的选择。
"Increasing the holdings despite the slow economic recovery in the US and signs of looming debt problems is 'choosing the best of a bad bunch', meaning there are no better places for China to put such a large amount of money," Yuan said.
“尽管美国经济复苏缓慢的并出现债务问题的迹象，但增加控股是“选择最佳的坏蛋”，意味着中国没有更好的地方存放这么一大笔钱，袁钢明说。
Yuan believes that activity in US Treasuries by Japan and Britain has more to do with their own domestic situation rather than the actual value of the bonds.
袁认为，日本和英国减持和增加美国国债的活动更多的是与自己的国内形势有关，而与债券的实际价值没多大关系。

Although the US economy has been overshadowed by the rating downgrade, the country's fundamentals in the long term remain strong, Yuan said.
虽然美国经济已被信用评级下调的阴霾所掩盖，该国的基础在长期内保持强劲，袁说。
Ken Peng, senior China economist with BNP Paribas, said increasing the holdings in US bonds is not too significant.
法国巴黎银行高级中国经济学家彭垦认为，增加持有美国国债没有太大意义。
"What really matters is the proportion of China's newly increased US dollar assets (including Treasury bonds) to the newly increased foreign exchange reserves," he said. "Though there is no way to get the figure, we estimate that the proportion is gradually dropping."
“真正重要的是是中国的新增美元资产（含国债）占新增外汇储备的比例，”他说。“虽然是没有办法得到的数字，我们估计的比例逐渐下降。”
He said that the key method to address China's foreign reserves dilemma is to achieve a trade balance.
他说，解决中国的外汇储备困境的关键方法是实现贸易平衡。
"If the country's foreign exchange reserves continue to grow at a fast pace, there is little chance of getting out of the cycle," Peng said. "You have to do something with the accumulated dollars."
“如果国家外汇储备持续快速增长，就没有机会走出这个困境，”彭说。”你必须做一些事情来应对积累得越来越多的美元。”

China's trade surplus surged to $31.5 billion in July, the highest level in more than two years, as exports rose to a record level, the General Administration of Customs said last week.
中国贸易顺差激增至七月的315亿美元，这是两年多以来的最高水平，出口升至创纪录的水平，中国海关总署上周说。
Analysts said that while there is not much that China can do in the short term with its foreign reserves, it should nonetheless try to diversify.
分析师表示，虽然中国对外汇储备在短期内可以做的并不多，它应该尝试使其外汇储备多样化。
"Gold probably tops the list, besides euro-denominated assets and debt of the emerging markets," said Yao Wei, China economist with Societe Generale in Hong Kong.
“除了欧元计价资产和新兴市场的债券之外，黄金可能名列榜首”姚魏说，香港兴业的中国经济学家。
"The share of gold in China's foreign exchange reserves is significantly lower than other countries. The pace of diversification will be subject to the situation in global financial markets and China's own currency reform."
“中国黄金储备占外汇储备的份额大大低于其他国家。多元化的步伐将服从于全球金融市场的形势和中国自身的货币改革。”
Zhu Zhiqun, a professor of political science and international relations at Bucknell University in Pennsylvania, said China should be "more creative" and diversify investments.
的在宾夕法尼亚巴克内尔大学政治学和国际关系的朱教授说，中国应该有“更具创造性”和多样化的投资。
"Chinese companies can help failing US businesses through acquisitions and purchases. The US Congress is likely to block Chinese investment in key sectors related to US national security, such as the oil industry, but it is not opposed to Chinese investment in less sensitive businesses," Zhu said.
“中国公司可以通过并购和收购帮助即将破产的美国商业企业。美国国会可能会阻止中国在涉及美国的国家安全的关键领域的投资，例如石油工业，但它并不反对中国投资不太敏感的行业，”他说。

都100期了，惭愧啊，进来的晚，看的少，继续努力。

100了啊，好高兴，我参加了也70次左右了吧，后来都没有记录次数了。每次都是看看文章，看看其他朋友的评论，觉得自己的评论很不够，很不深，主要是把文章用来学英语了，以此来保持我的阅读力，要知道英语时间久了不看就忘的很快啊。呵呵
再次感谢版主及实习版主们及各位选帖、发帖的朋友们！希望大家继续再接再厉，继续共同进步哦。

挺有意思的版块，谢谢诸位

嗯，没关系了~那我去问问他明天让你发帖可以不~

debt crisis has been the hottest talk ever since S&P downgraded the credit rating of the US, whether it is US debt crisis or the European. However, the report has been favorable and optimistic from all kinds of media, while the equity market sucks. so the governments are all busy manipulating public anticipation, what will happen next time, we will see.

一直缩水中，与其缩水，还不如发给大家，出国消费，大量购置美国房产、土地，总有一天，美国会被中国买下，哈哈~~~·

哇塞，已经100了，继续支持。今天刚看了论坛关于外汇的那篇文章，正好这里有谈上了，真是凑巧。。。

哈哈 100了~  英语水平确实有提高 谢谢斑竹和发帖的童鞋 谢谢！

Increasing the holdings despite the slow economic recovery in the US and signs of looming debt problems is 'choosing the best of a bad bunch', meaning there are no better places for China to put such a large amount of money.

祝贺100期，以后要尽量继续坚持阅读！

For an ordinary person is concerned ,it isn't a big problem in terms of  he (she) has a large amount of money without  the ability to make wise investment decisions . Nevertheless, as those who are in charge of and operate property of a country must have the ability  of increasing the value of property.
China add to it's holdings of a devaluating asset is not only  because the objective dilemma  economic situation but because the inability of persons in charge .

我觉得这样的情况首先是世界上缺乏除了美元资产之外的可以供选择的比较可靠的投资项目和渠道；这是世界上任何一个拥有打量我外汇储备和债券国家的现实窘境。但要想真正解决这个问题，我觉得还是得把拉动我国经济的出口、投资和消费之间的比例和关系做改变，逐步把我国大量闲置的外汇储备保持不再高速增长，以后需要慢慢地通过国内人民的大量消费和国内闲余资金的投资来拉动经济，在进出口方面要达到平衡。但目前投资和消费的环境不好，每个国人都对未来需要做充分的储蓄准备，投资的软环境也需要改善。要想解决外汇储备的问题，还是需要对整个国家的经济发展模式做出合理的升级改变啊。

以前都没参与，惭愧。

不经常登陆该论坛，没想到还有这么有意义的活动！一定多多参与

不错的帖子，学到不少东西。

真的是千里之行始于足下阿!这么快就100了
希望之后全部都采用FT等外国的财经报纸

本从非常支持这样的帖子，对学习英语很有帮助哎。

third consecutive month
连续的3个月都增持，嗨~

gold is an ideal object of investment, however, limited storage makes it hard to operate in reality. we have no choice but to continue with Us bond. after all,  the loss of confidence in it is no good to us

国家既然要把持着汇率，不让汇流入民手，替民做投资决策，自然买的都是那些他们认为低风险的资产。若放开外汇管制，自由兑换，民投资于国外股权、房产等等市场，自然可化解积汇过多之虞。
这么多年来，但凡听到国家喉舌叫嚷“这样做了会有损xxxx”之时，多多留心便是了。

这么快，看了还没有一半呢，要再接再厉

断断续续，有空没空，大抵也参加了一半，想来看着follow me一路走来，在eros的大力推动下，真心觉得是一个很好很好但须坚持的事物，也希冀坛子里能因follow us版激起一股讨论学习的风气。