China Resumed Treasury Buys in July as Trade Surplus Widened
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China, the biggest foreign owner of U.S. government debt, bought Treasury securities in July for the first time in three months as the nation’s trade surplus with the U.S. widened by the most on record.
The Asian country’s holdings increased by $2.6 billion, or 0.2 percent, to $1.15 trillion, U.S. Treasury Department data released yesterday show. The total amount held is down 0.2 percent from 2011, when China reduced its ownership on an annual basis for the first time since the data was made available in 2001.