China slashed its holding of United States debt to US$1.27 trillion as of the end of August, down US$11.2 billion from July, news portal Sina.com reported Tuesday, citing figures from the US Department of Finance. China remains the world’s biggest holder of US debt, accounting for 22.7 percent of the total, slightly down from 22.8 percent in July. For the eight months to August, China increased its holding of US debt by US$47.7 billion. Meanwhile, Japan boosted its US debt holding to US$1.15 trillion in August, up US$13.7 billion from July, and remained the second largest holder of such debt, the report said.
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