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在线翻译:
szdaily -> Business_Markets -> 
China boosts US debt holdings
    2017-09-20  08:53    Shenzhen Daily

CHINA ramped up purchases of U.S. Treasuries for a sixth straight month in July, data from the U.S. Treasury Department showed Monday, as the Chinese Government saw less need to sell its U.S. holdings because of a steadily improving Chinese currency.

For most of 2016, China had to sell its holdings of U.S. government debt to support its depreciating currency as the government grappled with capital outflows.

That trend has reversed this year as China’s holdings rose to US$1.17 trillion, making it the largest non-U.S. holder of Treasuries. Since January, China has added US$114.9 billion in U.S. debt.

Japan was the second largest non-U.S. holder of Treasuries, with US$1.11 trillion, rising US$22 billion for the month.

“China has basically gone the other way,” said Subadra Rajappa, head of U.S. interest rates strategy at Societe Generale in New York.

Net foreign exchange sales by China’s commercial banks fell to their lowest in 26 months in August, as capital outflows eased due to strict regulatory curbs and a stronger yuan.

China’s commercial banks sold a net US$3.8 billion in foreign exchange in August, the lowest since June 2015, compared with a net sale of US$15.5 billion in July, the State Administration of Foreign Exchange (SAFE) said in a statement on its website Monday.

For the January-August period, net forex sales stood at US$113.2 billion, the foreign exchange regulator said.

It said in an accompanying statement that China’s cross-border capital flows became more balanced in August and cross-border capital flows are expected to become more stable, orderly and balanced in the future.

Data issued by the central bank Friday showed its net foreign exchange sales fell to 821 million yuan (US$125.2 million) in August, the lowest in 22 months, from 4.6 billion yuan in July, painting a similar picture of easing capital outflows.

Earlier data showed that China’s foreign exchange reserves edged up for a seventh straight month in August as a surging yuan and tighter regulations signal the tide may be turning in China’s battle against outflows.

The Chinese yuan has appreciated more than 5 percent against the U.S. dollar so far this year. In 2016, the yuan weakened by nearly 7 percent.(SD-Agencies)

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