China's U.S. Treasury Holdings Drop to More Than One-Year Low
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China’s holdings of U.S. Treasuries fell to a more than one-year low as the world’s second-largest economy takes steps to stabilize the yuan, which is under pressure from the trade war.
The Asian nation’s holdings of U.S. bonds, bills and notes declined for a fourth month to $1.15 trillion in September, from $1.17 trillion in August, the Treasury Department said in a statement Friday. China remained the biggest foreign creditor to the U.S., followed by Japan whose Treasury holdings were little changed at $1.03 trillion.