US holdings cut
Source: Shanghai Daily |
May 17, 2011, Tuesday
|
Print Edition
Print Edition
China, the biggest buyer of United States securities, trimmed its holdings for a fifth straight month.
The US Treasury Department yesterday said China cut its holdings by US$9.2 billion to US$1.14 trillion.
Japan, the second-largest foreign holder, boosted its holdings by US$17.6 billion to US$907.9 billion. There had been concerns that the March 11 earthquake and tsunami would lead Japan to scale back its purchases so it could use the money for reconstruction. Britain, the third-largest buyer, increased its holdings by 10 percent to US$325.2 billion in March. Total foreign holdings increased by US$4.9 billion to US$4.48 trillion.
The US Treasury Department yesterday said China cut its holdings by US$9.2 billion to US$1.14 trillion.
Japan, the second-largest foreign holder, boosted its holdings by US$17.6 billion to US$907.9 billion. There had been concerns that the March 11 earthquake and tsunami would lead Japan to scale back its purchases so it could use the money for reconstruction. Britain, the third-largest buyer, increased its holdings by 10 percent to US$325.2 billion in March. Total foreign holdings increased by US$4.9 billion to US$4.48 trillion.
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