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21:24, 18-Oct-2017
China continues to add US treasuries holdings in August
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China’s holdings of US bonds, notes and bills advanced for the seventh straight month to 1.2 trillion US dollars, up 34.5 billion US dollars from a month earlier, according to the US Treasury Department’s data released Tuesday in Washington. That’s the highest level since July 2016.
China remains the largest foreign creditor of the US ahead of Japan, which owned 1.1 trillion US dollars, down by 11.4 billion US dollars from July.
As of the end of August this year, foreign major creditors’ holdings of US Treasury bonds totaled about 6.27 trillion US dollars, up from the end July’s 6.25 trillion US dollars. Among them, China and Japan hold US Treasury bonds accounted for more than a third of all foreign ownership of Treasuries.
VCG photo
VCG photo
China’s foreign-exchange reserves increased for an eighth month to 3.11 trillion US dollars in September, according to the data from the People’s Bank of China.
The country’s capital outflows have eased amid tighter controls, helping stabilize the currency. The yuan has gained as much as 8 percent against the US dollar this year, rebounding from a loss of about 6.5 percent last year, the Bloomberg reported.
A statement from the State Administration of Foreign Exchange said earlier that China's economic and financial situation has stabilized, providing a fundamental guarantee for the steady recovery of foreign exchange reserves.