China continues to add US treasuries in July

Source:Xinhua Published: 2017/9/19 7:16:32

China increased its holding of US Treasury securities for the sixth consecutive month in July, and remained as the world's largest holder of US treasuries.

China added its US treasuries holding by 19.5 billion US dollars in July, with the total holding up to 1.166 trillion US dollars, the latest data from the US Treasury Department showed on Monday.

In June, China reclaimed its position of the world's largest holder of US Treasury securities.

Japan, which overtook China as the largest holder of US treasuries in last October, raised its holding by 22.3 billion dollars to 1.1131 trillion dollars in July.

By the end of July, overall foreign holdings of US Treasury securities rose to 6.2503 trillion US dollars from June's 6.1716 trillion dollars.

With the appreciation of the Chinese currency and the sound economic performance at home, China's forex reserves rose for the seventh month in a row in August.

With sound economic fundamentals, wider openness and more stabilized market expectations, cross-border capital flows will continue to keep balanced and stable, said the State Administration of Foreign Exchange, China's foreign exchange regulator.

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