China increases US Treasury holding
China increased its holding of US Treasury securities for the fourth consecutive month in May, the latest data from the US Treasury Department showed on Tuesday. China increased its treasuries holding by $10 billion in May, with the total holding up to $1.1022 trillion. China’s foreign exchange reserves rose for the fifth month in a row in June, according to data from the country’s central bank, the People’s Bank of China. China’s foreign exchange regulator, the State Administration of Foreign Exchange, attributed the rise of forex reserves in June to stable cross-border capital flow and the relative appreciation of non-US dollar assets.