China Won't Slash U.S. Treasury Holdings, CSRC Official Says
- Vice Chairman of CSRC speaks at World Economic Forum meeting
- China is world’s largest foreign holder of U.S. Treasuries
This article is for subscribers only.
China isn’t likely to slash holdings of U.S. debt, and the country’s burgeoning savings pile means it will need to keep parking money in the world’s biggest government-bond market.
That’s the message from Fang Xinghai, vice chairman of the China Securities Regulatory Commission, who said at a World Economic Forum panel in Davos, Switzerland that he doesn’t think his country “will in any way significantly reduce its investment into the U.S. government bond market.”