China boosted its holdings of US treasury bonds in May, snapping three straight months of declines.
The largest holder of US government debt bought USD1.2 billion worth of treasuries, edging the total held in its coffers to USD1.183 trillion, according to data released yesterday by the US Treasury Department. The total amount held was second only to March’s figure. China whittled down its holdings by USD5.8 billion in April.
China has been the US’s biggest creditor each month since at least May of last year, Treasury data show.
Japan ranks second at USD1.5 trillion . . .
Sign In or Subscribe To Get Full Access.
Don't let random information shape your understanding of China market. You need a timeline dedicated to the huge market.
To subscribe, buy us a cup of coffee every week!
Don't worry! Cancel before the free trial ends and you won't be charged.
How do we work?
From 8 am to 10 pm every trading day, we closely monitor news and views that have potential to move the markets in mainland China and Hong Kong and have the value to help you understand the economy and the markets. We post the real-time information on the member-only Wire Service, with details and data you don't see elsewhere!
During the weekend, we summarize the most important stories in a newsletter sent directly to your inbox so that you can get a big picture of what happened in China markets in the week.