USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

China continues to add US treasuries holdings in August

Xinhua | Updated: 2017-10-18 10:27

WASHINGTON - China continued to increase its holdings of US Treasury securities in August, and remained as the largest holder of US treasuries.

China raised its US treasuries holdings by $34.5 billion in August, with the total holding up to $1.2005 trillion, the latest data from the US Treasury Department showed on Tuesday.

Japan, which overtook China as the largest holder of US treasuries last October, cut its holdings by $11.4 billion to $1.1017 trillion in August.

By the end of August, overall foreign holdings of US Treasury securities rose to $6.2697 trillion from July's $6.2503 trillion.

China's forex reserves rose for the eighth month in a row in September as pressure from capital outflow eased.

In January, China's forex reserves plunged below $3 trillion, but as the economy stands on a firmer footing and the Chinese currency, yuan, continues to stabilize, the stockpile has increased steadily since February.

The Chinese economy is expected to continue its steady growth for the rest of this year, Zhou Xiaochuan, China's central bank governor, has said. He expected the economy to grow 7 percent in the second half of this year.

Most Viewed in 24 Hours
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