An advisor to China 's central bank has said the nation should be investing more in real assets , rather than US Treasury bonds . Picture taken April 8, 2018. China is a wealthy , but low income , nation and it should be directing its capital better , said Fan Gang of the National Economic Research Institute and a member of the People ’s Bank of China ’s Monetary Policy Committee . China holds about $ 1.2tn of Treasuries , the US ' largest foreign creditor . Fan dismissed fears that China 's growing indebtedness was a risk to the country 's economy .
An advisor to China 's central bank has said the nation should be investing more in real assets , rather than US Treasury bonds . China is a wealthy , but low income , nation and it should be directing its capital better , said Fan Gang of the National Economic Research Institute and a member of the People ’s Bank of China ’s Monetary Policy Committee . China holds about $ 1.2tn of Treasuries , the US ' largest foreign creditor . Fan dismissed fears that China 's growing indebtedness was a risk to the country 's economy .