China increases its holding of US treasuries in May
Updated: 2016-07-19 10:11
(Xinhua)
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WASHINGTON - China, the top buyer of US Treasury securities, increased its holding in May, the latest data from the US Treasury Department showed on Monday.
China added $1.2 billion of treasuries in May, boosting its treasuries holding to $1.244 trillion. The country has cut its holding in April and March.
Japan, the second largest foreign holder of US treasuries, cut its holding by $9.6 billion to $1.1332 trillion in May.
By the end of May, overall foreign holdings of US Treasury securities dropped to $6.2083 trillion from April's $6.2385 trillion.
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