China Boosts Holdings of U.S. Treasurys for Second Month
China, the biggest foreign owner of U.S. government debt, increased its holdings by $11 billion to $1.19 trillion in March — a gain that may ease concerns Beijing would dump some of its hoard amid growing trade tensions between the two countries.
Data released by the U.S. Treasury Department on Tuesday show China added to its holdings of U.S. government bonds, bills and notes for the second straight month after a drop of $16.7 billion in January. China has now been Washington’s largest creditor since June, when it overtook Japan.
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