CHINA TOPIX

11/02/2024 03:35:07 pm

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US Treasury department

Japan is on course to replace China as the biggest creditor for the first time.

Japan Poised to Overtake China as Biggest US Creditor

This is due to the Chinese Central Bank dipping into its foreign exchange reserves to support the Yuan

China’s July holding of US treasuries has been reported at the lowest level since 2013.

China’s US Treasuries Holdings at Lowest Level Since 2013

China’s July holding of US treasuries has been reported at the lowest level since 2013. Its holding has decreased for a fourth straight month. China is the biggest US creditor and the US government owes it $1.219 trillion of debt as in July. Japan held $1.155 trillion worth of Treasuries as it retained its position as the second-biggest holder of the bonds.

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