What’s new: China’s holdings of U.S. Treasury debt shrank by $6.3 billion to $1.062 trillion at the end of September from a month earlier, the lowest since February 2017, according to data released this week by the U.S. Department of the Treasury.
That was the fourth straight month that China had offloaded U.S. Treasurys.
Also in September, Japan, the foreign country that holds the most U.S. debt, offloaded $2.2 billion of its holdings, which shrank to $1.276 trillion.
What’s the background: Total foreign holdings of U.S. Treasurys in September shrank by $12.2 billion to $7.071 trillion, the second straight month of decline.
Contact reporter Timmy Shen (hongmingshen@caixin.com) and editor Heather Mowbray (heathermowbray@caixin.com)
