US Is 'Practically Owned' by China

CNBC quotes an analyst who says:

'America is practically owned by China,' he said.

He's wrong. China's stake in US Treasuries has fallen over the past year. Over the past two years, China's holdings of US debt have remained flat. They may be putting some of their US dollars to work on Wall Street—I haven't seen numbers on that—but the economic downturn combined with their steady position in treasuries leads me to believe that their just treading water.