Beijing cut the holdings of US Treasuries by $6.8 billion in August, reaching the lowest level since May 2017, the latest data from the US Treasury Department, released on Wednesday, shows.
Washington’s trade war rival reduced its holdings of US government debt to $1.104 trillion in August from $1.110 trillion a month earlier. Since the beginning of 2019, Beijing cut its stockpile of US Treasury securities by nearly $23 billion and by nearly $62 billion since last August.
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