This report examines the importance to the U.S. economy of China's investment in U.S. securities, as well as the policy implications of its holdings for both the United States and China.

This report examines U.S. foreign assistance activities in the People's Republic of China (PRC), including U.S. Department of State and U.S. Agency for International Development (USAID) programming, foreign operations appropriations, policy history, and legislative background. International programs supported by U.S. departments and agencies other than the Department of State and USAID are not covered in this report.

Chinese Vice President Xi Jinping (pronounced Shee Jin-ping) is scheduled to visit the United States in mid-February, 2012, returning Vice President Joseph R. Biden, Jr.'s August 2011 visit to China, which Xi hosted. The fact that Xi is the heir apparent to China's current top leader, Hu Jintao, who is scheduled to retire in the coming year, makes this more than an ordinary vice presidential visit. Xi's trip is designed to help him build relationships with American policymakers and legislators and introduce himself to the American business community and the American people on the eve of his becoming China's top leader. As important to the Chinese side, the trip could also play an important role in helping boost Xi's stature back home, where he is so far known as much for having a famous father, early Communist Party revolutionary Xi Zhongxun, and a famous wife, military folk singer Peng Liyuan, as for his own achievements.