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China now holds well under $1 trillion worth of US Treasuries after months of selling amid geopolitical tensions.
China's stash of U.S. government debt dropped to $967.8 billion in June, the lowest since May 2010 when it held $843.7 billion. In May, the world's second biggest economy had $980.8 billion in ...
In 2017, China's Ministry of Finance revealed plans to sell US$2 billion worth of sovereign dollar bonds in Hong Kong, its first dollar bond offering since October 2004. [2] The technology and communications sector in China made up a significant share of the offshore U.S. dollar bond market. Tencent priced $5 billion of notes in January 2018. [3]
China is a major player in the Treasuries market. According to the most recent data from the US Treasury Department, China held $805.4 billion worth of Treasury securities as of August. It is the ...
China is gradually reducing its holding of US dollar reserve, down to 25% [failed verification] in 2023 from 59% of its total foreign-exchange in 2016. [11] [12] However, China also holds US bonds in custody accounts at Euroclear Bank (in Belgium) and Clearstream Banking SA (in Luxembourg) and it has a large portfolio of US Agencies (mortgage ...
Pimco said it's reducing exposure to long-term U.S. bonds amid concerns about soaring federal deficits and debt. Instead, it favors shorter-term bonds, some overseas issuers, and corporate debt.
The designation against China was withdrawn in January 2020 after China agreed to refrain from devaluing its currency to make its own goods cheaper for foreign buyers. [13] The two countries are soon to sign a "Phase 1 U.S.-China trade agreement" that includes a provision that prevents China from manipulating its currency to gain trade advantages.
Foreign investors and central banks purchased fewer U.S. shorter Treasuries in late April, marking a second straight series of auctions where they showed less appetite for U.S. government debt ...