China’s holdings of U.S. Treasury securities increased in October after a drop in September, the latest data from the U.S. Treasury Department showed on Friday.
China increased its U.S. treasuries holdings by 8.4 billion U.S. dollars in October, after cutting 19.7 billion dollars in September. By the end of October, China held 1.1892 trillion dollars of U.S. treasuries and remained the largest holder of the securities.
Japan, the second largest holder of U.S. treasuries, cut its holdings by 2.1 billion dollars to 1.0939 trillion dollars in October.
By the end of October, overall foreign holdings of U.S. Treasury securities rose to 6.3494 trillion dollars from September’s 6.323 trillion dollars.
China’s forex reserves rose for the 10th month in a row to 3.1193 trillion dollars by the end of November. China’s forex regulator, the State Administration of Foreign Exchange, attributed the stabilized forex reserves to the country’s steady economic growth.
China’s economy expanded 6.9 percent year on year in the first three quarters, above the government target of 6.5 percent for 2017.