
China’s holdings of US government debt in October eclipsed the $1.3 trillion mark for the first time, before a Chinese banking official signaled a cut in the accumulation of foreign-exchange reserves could be at hand, a move some saw as presaging a drop in the country’s massive purchases of US Treasury securities, (China Daily) reported. China increased its Treasury holdings by $10.7 billion from September to remain the US’s largest creditor, the US Department of the Treasury said. Japan remained the second-largest US creditor, even though it cut its holdings by $3.7 billion. Overall, foreign holdings of Treasuries climbed $600 million in October to $5.65 trillion. US government securities held by overseas investors edged up 1.4% this year, on track for the slowest rise since the Treasury began releasing full-year data in 2001.
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Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
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