Caixin: China cuts U.S. Treasury Holdings for the Third Time this Year
Thu August, 2020, Age: 4 years
China’s U.S. Treasury holdings shrank for the third time this year in June, with the largest sell-off by any country that month amid growing animosity between the two countries. China cut its holdings of U.S. Treasury bills, bonds, and notes by $9.3 billion to a total of $1.07 trillion, according to data released Monday by the U.S. Department of Treasury. China remained the second-largest foreign holder of U.S. government debt. Japan, which overtook China as the largest foreign holder of U.S. debt last year, increased its holdings by $900 million to $1.26 trillion in June. At the end of June, foreign U.S. Treasury holdings amounted to $7.04 trillion, rising $60.9 billion from a month earlier to a four-month high.