Share 'China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills'

China has dropped 97 percent of its holdings in U.S. Treasury bills in the last two years, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.   In December 2008 just after the bank bailout and the stimulus law, overall Chinese holdings of U.S. debt stoo…