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Wan LixinOpinion deputy editor of Shanghai Daily
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Holding of US debt increases
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CHINA increased its holding of US Treasury securities in February after cutting US$7.3 billion in the previous month, the latest data from the US Treasury Department showed.
China hiked its treasuries holding by US$8.6 billion in February, with the total holding up to US$1.0597 trillion.
China’s foreign exchange reserves climbed to US$3.009 trillion at the end of March, according to statistics from the People’s Bank of China. This was the first time the reserves grew for two straight months since April 2016.
Concerns about capital outflows from China have receded lately, with the Chinese economy on a firmer footing.
Japan, which overtook China as the largest holder of US treasuries in October, also increased its holding by US$12.6 billion to US$1.115 trillion in February.
By the end of February, overall foreign holdings of US Treasury securities increased to US$6.012 trillion from US$ 5.953 trillion in January.
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