China’s Holdings of Treasuries Rise for First Time Since August
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China’s holdings of Treasuries rose in March for the first time in seven months as the country retook the lead from Japan as the world’s largest foreign owner of U.S. government debt.
China’s ownership of Treasuries increased by $37.3 billion to $1.26 trillion, according to Treasury Department data released Friday in Washington. Japan, which had passed China in February as the biggest holder for the first time since 2008, held $1.23 trillion as of March, $2.5 billion higher than a month earlier.