China

China cuts US Treasury stockpiles to the lowest level since 2009

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China trimmed its US Treasury holdings for a third straight month in May, amid escalating trade tensions with Washington and mounting concerns over a sweeping tax and spending bill.Beijing’s holdings fell to US$756.3 billion from US$757.2 billion in April, according to US Treasury Department data.
That was the lowest level since March 2009, based on figures compiled by Wind.The decline has continued since March, when China dropped to third place among foreign holders, behind Japan and the...




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