Economics
China Cuts U.S. Treasury Holdings to Lowest Level Since 2017
- Position slips to $1.12 trillion in first drop since November
- Still, foreign ownership rose to record high of $6.47 trillion
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China cut its U.S. Treasuries holdings to the lowest level since 2017 in March amid the trade dispute between the world’s two biggest economies.
It was only a slight reduction -- the stake slipped by $10.4 billion, the first drop since November -- but that was enough to bring the position down to a two-year low of $1.12 trillion, according to data the U.S. Treasury Department released Wednesday.