China Raises Treasury Holdings First Time in Three Months
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China, the largest foreign U.S. creditor, boosted its holdings of U.S. government securities in April for the first time in three months as concern increased that Europe’s financial crisis was worsening.
Chinese holding rose 0.1 percent to $1.1455 trillion, U.S. Treasury Department data released yesterday show. Those of Japan, America’s second-largest lender, slipped 1 percent to $1.0661 trillion. Net foreign purchases of Treasuries increased $21 billion, or 0.4 percent, to a record $5.156 trillion in April, the data show.