China's Treasury Holdings Rose in August to Highest in Year
- China holds $1.2 trillion in Aug., up $34.5 billion from July
- Japan maintained second slot as holdings fell $11.4 billion
An investor points at a stock trading board at a securities house in Shanghai, China, on Wednesday, May 30, 2007. China's stocks tumbled the most in three months after the government tripled the tax on securities transactions to cool a rally that's drawing more than 300,000 new investors a day.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s holdings of U.S. Treasuries rose in August to the highest in more than a year as the world’s second-biggest economy saw a strengthening of its currency.
China’s holdings of U.S. bonds, notes and bills advanced for the seventh straight month to $1.2 trillion, an increase of $34.5 billion from a month earlier, according to Treasury Department data released Tuesday in Washington. That’s the highest level since July 2016.