China Increases U.S. Treasury Holdings by Most in Two Years
- Nation raised ownership of U.S. government bonds to $1.09 tln
- Japan lifted its holdings to $1.12 trillion in March
China Increases Treasury Holdings
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China increased its holdings of U.S. Treasuries by the most in two years, a sign that the world’s second-biggest economy is stabilizing and stricter capital controls have helped to stem capital flight.
The nation raised its ownership of U.S. government bonds, notes and bills by $27.9 billion to $1.09 trillion in March, the biggest increase since March 2015, according to a monthly Treasury Department report released on Monday. That means China remains the second-largest foreign holder of American debt.