China slashes US Treasuries stake, holdings sink to lowest since 2008

  • Foreign holdings of U.S. Treasuries surged to an all-time high in July, led by Japan and the UK, while China pared back to its lowest holdings since 2008.
usa china trade
usa china trade

Foreign ownership of U.S. Treasuries hit a record $9.16 trillion in July, rising for a third straight month on strong purchases from Japan and the UK. Japan’s holdings climbed to $1.15 trillion, while UK holdings neared $900 billion.

In contrast, China cut its exposure to $731 billion, the lowest since 2008, as it seeks to diversify away from the dollar and support the yuan.

Via data from the US Treasury Department released late Thursday.

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