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在线翻译:
szdaily -> Business_Markets -> 
China holdings of US Treasuries increase
    2018-04-18  08:53    Shenzhen Daily

CHINA’S holdings of U.S. Treasuries rose in February, as net new foreign purchases increased to their largest since May 2017, data from the U.S. Treasury Department showed Monday.

China’s ownership of U.S. bonds, bills and notes increased by US$8.5 billion to US$1.18 trillion in February, according to the data. China remained the largest foreign creditor to the United States, followed by Japan, whose holdings dropped to US$1.06 trillion, from US$1.07 trillion in January.

Speculation was growing about whether China could use its vast U.S. Treasury holdings as a bargaining chip in a trade dispute with the United States.

While Chinese ambassador to the United States Cui Tiankai didn’t rule out the possibility of the Asian nation scaling back Treasury purchases in response to tariffs proposed by the Trump administration in March, some observers have said a wide-scale selloff is unlikely.

The world’s two largest economies are threatening to impose tariffs on tens of billions of dollars of goods, fueling worries of a trade war that could roil financial markets.

U.S. debt slumped in February, driving benchmark 10-year note yields to a four-year high of 2.95 percent. Foreign demand for Treasuries has become a hot topic for bond traders, with the Federal Reserve projecting additional rate increases while the nation’s budget deficit is expected to widen.

China’s stockpile of foreign exchange dipped in February, marking the first decline in more than a year amid volatility in the global financial markets.

(SD-Agencies)

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