China continued to diversify its foreign exchange reserves in February, trimming its US Treasury stockpile even as overall overseas holdings of sovereign American debt rose to a record high.
China’s stockpile of United States Treasuries fell to US$693.3 billion in February, down from US$694.4 billion in January, according to US Treasury Department data released on Wednesday.
Although China slightly increased its US Treasury holdings in January, the uptick did little to alter a broader downward…
China trims US Treasury holdings amid rising debt supply as global ownership hits record
