SAFE: US Treasury holdings up again

China's holding of US Treasuries climbed to a 11-month high of $1.17 trillion in July, marking the sixth consecutive month of growth, along with the expansion of the foreign exchange reserve and a strengthened renminbi.

The US Treasury Department said on Monday that China's holdings were $19.5 billion higher than in June and up by $114.9 from January. China remains the largest foreign holder of US Treasuries, $52.9 billion more than Japan.

The value of US Treasuries owned by the Chinese government accounted for about 37.85 percent of its foreign exchange reserve by July, up from 35.06 percent in January, according to the State Administration of Foreign Exchange.