China's U.S. Treasury holdings rose for a second straight month in January after five months of declines, amid trade negotiations between the two largest economies.
China's holdings climbed to $1.126 trillion in January, up $3.1 billion from December, according to data released Friday by the U.S. Treasury Department.
China is the largest foreign holder of U.S. debt, accounting for about 17.9% of total foreign debt holdings in January.
Earlier this month, Zhang Yesui, a spokesperson for the annual session of China’s national legislature and a former Chinese ambassador to Washington, said China and the U.S. have made "important progress" in trade talks, signaling Beijing's positive tone to complete a trade deal.
Related: China Says Trade Talks Have Made ‘Important Progress’
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