China hearts U.S. But not as much as it used to.

China is still the largest foreign holder of U.S. bonds. But it has pulled back over the past year. That could be a concern.

NEW YORK (CNNMoney) — China is reportedly looking to step up its efforts to help Europe. But will this come at the expense of the United States?

China still holds a gargantuan amount of U.S. bonds — $1.1 trillion as of December, according to the latest figures from the Treasury Department released Wednesday.