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China cuts US treasuries holding in August

Updated: Oct 19,2016 9:31 AM     Xinhua

WASHINGTON — China, the top buyer of US Treasury securities, cut its holding in August for three months running, the latest data from the US Treasury Department showed on Oct 18.

China shed its treasuries holding by $33.7 billion in August, with the total holding down to $1.1851 trillion. It has cut its treasuries holding for three consecutive months.

Japan, the second largest foreign holder of US treasuries, also cut its holding by $10.6 billion to $1.144 trillion in August.

By the end of August, overall foreign holdings of US Treasury securities dropped to $6.1964 trillion from July’s $6.2479 trillion.