China trims US debt holdings to US$1.11 trillion for second straight month

Business | 18 Jun 2019 12:05 pm

China's holdings of U.S. Treasuries decreased to US$1.113 trillion in April, the second consecutive month in which the holdings dropped, according to data released Monday by the U.S. Department of the Treasury, Xinhua reports.

Still the largest foreign holder of U.S. Treasuries, China held US$1.121 trillion of US. Treasuries in March, slightly shrinking from a month earlier.

Japan's holdings of U.S. Treasuries decreased to US$1.064 trillion in April, down from the US$1.078 trillion in February.

Combined, China and Japan hold more than one-third of the total foreign holdings of U.S. Treasuries.

Aggregating net foreign acquisitions of long-term securities, short-term U.S. securities and banking flows, the result was a US$7.8-billion net foreign outflow of U.S. securities in April, the data showed.

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