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China Increased US Debt Holdings by $2.6Bln in July

09-19 15:11 Caijing
China, who remains the country’s largest debt holder, upped its holdings slightly by 2.6 billion U.S. dollars in July

China boosted its U.S. holding to 1.15 trillion U.S. dollars after it resumed purchases of U.S debt in July after two consecutive months’ reduction, the U.S. Treasury Department said Tuesday.

China, who remains the country’s largest debt holder, upped its holdings slightly by 2.6 billion U.S. dollars in July, while Japan, the second-largest holder of U.S. debt, increased 7 billion dollars in July, making its total to 1.12 trillion U.S. dollars.

Revised data showed that Japan added a total of 27.3 billion in its U.S. debt holdings in the first half, close to the gap with China.

Switzerland increased the most in the month by 18.3 billion U.S. dollars among U.S. foreign creditors, it showed. Ending July, major foreign creditors held a record of 5.35 trillion U.S. dollars of U.S. debts in total, up 37.5 billion from that in June.

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