CRI听力:China becomes largest holder of Japanese bonds

Government stats out of Japan show China has become the largest foreign holder of Japanese bonds, with Chinese investors buying 11.2 trillion yen worth of the country's bonds last year.

At the same time, Japan overtook China to become the largest foreign holder of US debt after China's US bond holdings dropped for a 6th-straight month in January.

China's forex reserves in January declined by some 12-billion US dollars from the previous month to below 3-trillion US dollars.

For more on this, we're joined live by Mike Bastin, Director of the China Business Center at Southampton Solent University in Britain.