China cuts U.S. treasury holding in January

Updated 2017-03-16 09:01:08 Xinhua

China reduced its holding of U.S. Treasury securities in January after adding 9.1 billion U.S. dollars in the previous month, the latest data from the U.S. Treasury Department showed on Wednesday.

China shed its treasuries holding by 7.3 billion U.S. dollars in January, with the total holding down to 1.0511 trillion U.S. dollars.

China's central bank chief Zhou Xiaochuan said recently that Chinese currency, the yuan, will stabilize this year amid a firming economy and global confidence in the country's growth prospects. He also reiterated that the fall in China's foreign exchange reserve is a normal phenomenon.

Japan, which overtakes China as the largest holder of U.S. treasuries in October, increased its holding by 11.7 billion dollars to 1.1025 trillion dollars in January.

By the end of January, overall foreign holdings of U.S. Treasury securities dropped to 5.9561 trillion U.S. dollars from December's 6.0039 trillion dollars.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 23 2017 16:15:36

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 12:16August 23 2017 16:15:36

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 23 2017 16:15:36

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

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