Date
20 August 2017

China Treasury holding hits record, Bloomberg says

China’s holding of United States Treasuries rose US$12.2 billion to a record $1.317 trillion in November, Bloomberg reported Thursday, citing official data. The figures, scheduled for release at 9 a.m. Friday in Washington, were inadvertently posted on the US Treasury’s website. Japan held $1.186 trillion, up US$12 billion. China’s swelling foreign exchange reserves, reported Thursday to have reached a world record US$3.82 trillion at the end of December, may sustain its appetite for US debt. Capital inflows and intervention to limit gains in the yuan have contributed to China building up a currency pile equivalent to one-third of the global total. A Treasury spokeswoman said that because of an error, limited amounts of data were posted on the department’s website ahead of the official release and were removed.

– Contact HKEJ at [email protected]

SK/RA

 

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