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China cuts US T-bond holdings, but remains No.1 holder

07-19-2010 11:07 BJT

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The U.S. Treasury Department says China offloaded 32.5 billion U.S. dollars worth of Treasury bond holdings in May, but remains the largest holder of U.S. debt.

China's holding of U.S. T-bonds in May fell by 3.6 percent from the previous month, to more than 867 billion U.S. dollars. It was the largest cut of the country's U.S. debt holdings this year.

Japan, the second largest holder of U.S. T-bonds, also reduced its debt holdings by 8.8 billion U.S. dollars in May.

China's State Administration of Foreign Exchange has reiterated that China is a responsible long-term investor, and rejected concerns that it would use foreign exchange investments as an "atomic weapon" against investment targets.

Editor:Xiong Qu |Source: CNTV.CN

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