China's U.S. Treasury Holdings Continue to Tumble Amid Trade War
- Holdings drop to $1.12 trillion, lowest level since May 2017
- Trade spat souring China’s appetite for U.S. debt: Jefferies
This article is for subscribers only.
China’s holdings of U.S. Treasuries fell to the lowest level in a year and a half amid a bruising trade war with the Trump administration.
China’s pile of notes, bills and bonds dropped to $1.12 trillion in November, from $1.14 trillion in October, according to data from the Treasury Department released Thursday. It was the sixth straight decline and left the nation’s stockpile the smallest since May 2017. China remains the U.S.’s biggest foreign creditor. Japan is next, with $1.04 trillion, up from $1.02 trillion in October, which was its smallest amount since 2011.