CHINA, the top buyer of US Treasury securities, cut its holding in August for three months running, the latest data from the US Treasury Department showed.
China shed its holding of US treasuries by US$33.7 billion in August, with the total holding down to US$1.19 trillion.
The country has cut its treasuries holding for three consecutive months.
Japan, the second-largest foreign holder of US treasuries, also cut its holding by US$10.6 billion to US$1.14 trillion in August.
At the end of August, overall foreign holdings of US Treasury securities fell to US$6.19 trillion from July’s US$6.25 trillion.