![China Goes Straight to the United States Treasury [AUDIO]](http://townsquare.media/site/119/files/2012/05/china-trade.jpg?w=980&q=75)
China Goes Straight to the United States Treasury [AUDIO]
(Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.
The relationship means the People's Bank of China buys U.S. debt using a different method than any other central bank in the world. Locally, Bob Seidenschwartz, a financial advisor with S. G. Long in Missoula, says the move is understandable, since China holds such a large percentage of our debt. Comments from Seidenschwartz are below.
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