China sells securities
CHINA, the top buyer of United States Treasury securities, cut its holding in March.
According to the latest figures from the US Treasury Department, China reduced its holdings by US$7.7 billion to US$1.24 trillion, following an increase of US$14.4 billion in February. Japan, the second-largest foreign holder of the treasuries, increased its holding by US$4 billion to US$1.14 trillion in March.
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