ChinaUS EUROPEASIA 中文双语Français
Business\Markets

China cuts US treasury holding in January

Xinhua | Updated: 2017-03-16 08:38

WASHINGTON - China reduced its holding of US Treasury securities in January after adding $9.1 billion in the previous month, the latest data from the US Treasury Department showed on Wednesday.

China shed its treasuries holding by $7.3 billion in January, with the total holding down to $1.0511 trillion.

China's central bank chief Zhou Xiaochuan said recently that Chinese currency, the yuan, will stabilize this year amid a firming economy and global confidence in the country's growth prospects. He also reiterated that the fall in China's foreign exchange reserve is a normal phenomenon.

Japan, which overtakes China as the largest holder of US treasuries in October, increased its holding by $11.7 billion to $1.1025 trillion in January.

By the end of January, overall foreign holdings of US Treasury securities dropped to $5.9561 trillion from December's $6.0039 trillion.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US