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China's holdings of US treasuries drop to seven-month low

China’s holdings of U.S. Treasury securities fell to the lowest level since February as the nation continued to pare its foreign-exchange reserves to support the yuan.

The biggest foreign holder of U.S. government debt had $1.258 trillion in bonds, notes and bills in September, down $12.5 billion from a month earlier, according to Treasury Department data released Tuesday in Washington. Japan, the largest holder after China, also reduced its Treasury portfolio, by $19.9 billion to $1.18 trillion, the lowest level since October 2013.

The report showed the top five foreign owners of Treasuries -- China, Japan, Caribbean banking centers, oil-exporting nations and Brazil -- all lowered their holdings. Countries including Switzerland and Belgium boosted theirs, helping lift total foreign ownership by $3 billion to $6.102 trillion in September, the data showed.

The Treasury’s report, which also contains data on international capital flows, showed net foreign buying of long-term securities totaling $33.6 billion in September. It showed a total cross-border outflow, including short-term securities such as Treasury bills and stock swaps, of $175.1 billion.


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Rhythm Media Group is a multi-media company, operating a US-based Chinese daily newspaper, The China Press, and the paper's website - uschinapress.com (which has mobile-app version), as well as a Beijing-based English website Sino-US.com. The group boasts 15 branch offices across the US, and a number of cultural centers focusing on culture-related business in the North America, Chinese mainland, Hong Kong and Taiwan.

Launched in September 2012, the Sino-US.com is designed to serve as a bridge between China and the US, and to keep its readership inside or outside China better informed by providing news and insights on China's current affairs, culture, life, business, people and sports.

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