China Boosts Its U.S. Treasuries Holdings by Most in Six Months
- Increase highlights U.S. asset demand even amid trade tensions
- Trump accused China on Monday of devaluing its currency
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China’s holdings of Treasuries rose by the most in six months, underscoring the attractiveness of U.S. assets even amid trade tensions between the world’s two largest economies.
China’s ownership of U.S. bonds, bills and notes increased by $8.5 billion to $1.18 trillion in February, according to data released by the U.S. Treasury department on Monday. China remained the largest foreign creditor to the U.S., followed by Japan whose holdings dropped to $1.06 trillion, from $1.07 trillion in January.