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China cuts U.S. treasuries holding in July

Staff Writer |
China, the top buyer of U.S. Treasury securities, cut its holding in July for two months running, the latest data from the U.S. Treasury Department showed.

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China shed its treasuries holding by $22 billion in July, with the total holding down to $1.2188 trillion . It has cut its treasuries holding for two consecutive months.

Japan, the second largest foreign holder of U.S. treasuries, increased its holding by $6.9 billion to $1.1546 trillion in July.

By the end of July, overall foreign holdings of U.S. Treasury securities dropped to $6.2479 trillion from June's $6.2828 trillion .

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