China cuts USA Trea­sury hold­ing

China Daily (Canada) - - NEWS CAPSULE -

China, the big­gest buyer of US Trea­sury se­cu­ri­ties, cut its hold­ing in De­cem­ber to a 10-month low, the lat­est data from the Trea­sury Depart­ment showed .

China re­duced its hold­ing by $18.4 bil­lion to $1.2461 tril­lion in De­cem­ber, co­in­cid­ing with the coun­try’s sharpest monthly fall in for­eign re­serves.

The coun­try ’ s for ex re­serves dropped to $3.33 tril­lion in De­cem­ber, the low­est lev­els since 2012, ac­cord­ing to of­fi­cial data.

Ja­pan, the se­cond largest for­eign holder of US Trea­sury se­cu­ri­ties, also cut its hold­ing in De­cem­ber by $22.4 bil­lion to $1.1225 tril­lion.

Net sell­ing by for­eign gov­ern­ments of US se­cu­ri­ties, in­clud­ing Trea­suries, agency debt, cor­po­rate bonds and stocks, to­taled $51.3 bil­lion, mark­ing the big­gest monthly out­flow on record for of­fi­cial hold­ers, re­ported Bloomberg cit­ing the depart­ment.

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