China cuts U.S. treasuries holding in November

Updated 2017-01-19 08:46:13 Xinhua

China continues to cut its holding of U.S. Treasury securities in November last year, the latest data from the U.S. Treasury Department showed on Wednesday.

China shed its treasuries holding by 66.4 billion U.S. dollars in November, with the total holding down to 1.0493 trillion U.S. dollars. It has cut its treasuries holding for six consecutive months.

The Chinese renminbi (RMB), or the yuan, has seen sharp falls since October last year, stoking market concerns. But economists ruled out the possibility of persistent slips in 2017, and believe China is capable of handling the impact, in view of China's relatively large current account surplus and high economic growth.

Japan, which overtakes China as the largest holder of U.S. treasuries in October, also cut its holding by 23.3 billion dollars to 1.1086 trillion dollars in November.

By the end of November, overall foreign holdings of U.S. Treasury securities dropped to 5.9443 trillion U.S. dollars from October's 6.0404 trillion dollars.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58May 22 2018 23:32:24

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16May 22 2018 23:32:24

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18May 22 2018 23:32:24

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords