China holds more than $1 trillion in American bonds. According tothe new Heritage Foundation database on recent Chinese foreignnon-bond investment, China has invested more than $15 billion inthe U.S. in addition to bonds. China's SAFE is the largest foreigninvestor in the U.S., but has refused to make its activities moretransparent. An American priority should be to enhance transparencyin SAFE's spending.
The local share market has risen for a second session in a row, bolstered by more gains by the mining giants and oil producers on the busiest day of the Australian e.