The story appears on

Page A10

January 19, 2018

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

China cuts US debt holdings

China cuts its holdings of US Treasury securities in November, after adding US$8.4 billion in October.

China’s holdings of US Treasuries dropped by US$12.6 billion to nearly US$1.18 trillion in November. China remained the largest holder of US Treasuries.

Japan, the second-largest holder of US Treasuries, also cut its holdings by US$9.9 billion to US$1.08 trillion in the month. Japan has cut its Treasuries holdings for four straight months.

By the end of November, overall foreign holdings of US Treasury securities slightly fell to US$6.34 trillion from October’s revised US$6.35 trillion.

The State Administration of Foreign Exchange, China’s top forex regulator, recently dismissed a foreign media report that China was considering slowing down or even halting its purchase of US securities.

China’s forex reserves have been invested in a diverse and decentralized manner to keep assets safe and ensure they grow in value steadily, the SAFE said in a statement.

Like other investment moves, the purchase of US Treasuries is market-based behavior and is subject to professional management based on market conditions and investment targets, said the statement.

China’s forex reserves rose for 11 months to US$3.14 trillion at the end of December, as the economy got on a firmer footing and the government stepped up regulation of illegal capital transfers and overseas investment.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend