Briefly

China's US Treasury holdings fall in July

China's holdings of US Treasury securities fell for the fourth month in a row to $821.8 billion as of the end of July, compared with $835.4 billion a month earlier, marking the lowest level since June 2009, said the US Department of the Treasury. By contrast, total foreign holdings of US Treasury securities increased from $7.56 trillion at end June to $7.65 trillion as of the end of July, with Japan increasing its holdings.

Shanghai's trade up in first 8 months

Shanghai's imports and exports reached 2.79 trillion yuan ($389 billion) in the first eight months, up 3.6 percent year-on-year, said local Customs. Over the period, the city's exports rose 4.9 percent to 1.14 trillion yuan, while imports increased 2.8 percent to 1.65 trillion yuan. Shanghai's trade with the European Union amounted to 570.78 billion yuan, up 7.1 percent, accounting for 20.4 percent of the metropolis' total foreign trade volume during the period. From January to August, Shanghai exported 786.75 billion yuan of mechanical and electrical products, a year-on-year increase of 8.6 percent, accounting for 69.1 percent of the city's total export value.

Xinhua - China Daily