Date
23 October 2017

China to continue investing in US Treasuries, paper says

China will continue to invest in the US bond market, and it’s normal for the nation to cut its holdings of US Treasuries as it is to increase them, the People’s Daily reported Friday, citing experts. Data from the US Treasury Department showed that China trimmed its US government bond holdings by US$47.8 billion in December, the largest decrease since December 2011, prompting speculation that the nation was planning large cuts in the near future. However, the experts pointed out that China only reduced its holdings in three months last year, and the balance of US$1.27 trillion at end-2013 still represented an increase of US$50 billion from the previous year, the report said.

– Contact HKEJ [email protected]

TL/AC/CG

 

 

 

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