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China increases US Treasury holdings for fourth straight month

Bloomberg Published on Wed, Jul 19, 2017 / 8:02 AM GMT+8

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(July 19): China raised its holdings of US Treasuries for a fourth straight month, a sign the nation is rebuilding its foreign-currency reserves as the yuan stabilises.

China, the second-largest holder of Treasuries, held US$1.10 trillion ($1.51 trillion) in May, up US$10 billion from a month earlier, according to Treasury Department data released Tuesday in Washington. Japan, the biggest holder, owned US$1.11 trillion, up slightly from its total in April.

The two countries account for more than one-third of all foreign ownership of Treasuries, which gained by US$49.9 billion in May to US$6.12 trillion, the figures showed. Of that total, US$3.94 trillion were government holdings.