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China holds over 800 billion U.S. Treasury Bonds again |
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08:58, September 17, 2009 |
China massively offloads US debt holdings first time in 2009
According to the data released by United States Department of the Treasury on September 16, in July, 2009, overseas investors bought more long-term U.S. government bonds, a net increase of 15.3 billion U.S. dollars. In July, China increased its holdings of US government notes and bonds to over 800 billion U.S. dollars once again.
China is the biggest foreign holder of US Treasuries.
In July, China's holdings of U.S. Treasury bonds increased by 24.1 billion U.S. dollars, and the total amount of China's holdings of U.S. Treasury bonds increased from June's 776.4 billion U.S. dollars to 800.5 billion U.S. dollars in July.
In May, China's holdings of U.S. Treasury bonds for the first time exceeded 800 billion U.S. dollars, reaching 801.5 billion U.S. dollars. In June, China's holdings of U.S. Treasuries declined by 25.1 billion U.S. dollars.
Fu Lichun, researcher at Southwest Securities Co.，Ltd. says that the short-term fluctuations in the size of U.S. Treasury holdings are normal. Judging from the situation in recent months, China's foreign exchange reserves strategy didn't have any fundamental change, and the significant reduction of U.S. Treasury holdings in June is just a technical move.
But he also said that from a security and proceeds point of view, adjust the foreign exchange reserve asset structure, increase the proportion of resources, equity investments, and physical assets are long-term inevitable trends. Adjustment should be carried out at the appropriate time and under appropriate procedures.
By People's Daily Online
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