Economy

Markets

Industries

Insights

Reports

Events

China's US-debt holdings drop

(China Daily/Agencies)
Updated: 2009-10-17 11:37

China cut its US Treasury-bill reserve by $3.4 billion to $797.1 billion in August, though it remained the largest foreign holder of US T-bills.

Related readings:  China's holdings of US debt exceed $800b  Cut in holdings of US debt may help diversify China's reserves  China's holdings of US debt hit record high

Japan, the second largest holder of the US government debt, however, has boosted its Treasury securities from $724.5 billion in July to $731 billion.

The overall demand for long-term US financial assets rose in August, with foreigners buying $28.6 billion more in assets than they sold.