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China reduces US Treasury debt holdings in May

China reduces US Treasury debt holdings in May

China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
The Treasury Department says China's holdings fell by $32.5 billion to $867.7 billion. Total foreign holdings edged up a slight $5.8 billion to $3.96 trillion.
The drop in China's holdings and the weak showing overall was a surprise. Analysts expected a sizable gain because they thought foreign investors would seek the safety of U.S. Treasury debt, responding to fears over the European debt crisis.


Updated : 2021-03-05 22:39 GMT+08:00