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China Lifts US Debt Holdings After 7 Months Of Declines - Herald

CHINA PRESS

China’s holdings of U.S. debt increased by USD2.2 billion in July, reversing seven consecutive months of reductions, the 21st Century Business Herald reported citing data from the U.S. Treasury Department. China’s total holdings rebounded to USD970 billion. Increased holdings of U.S. bonds can help stabilize China’s foreign exchange reserves amid the sharp rise in the U.S. Dollar Index and they are much safer than holding U.S. stocks, the newspaper said. China may have adjusted its investment strategy by increasing its holdings of short-term U.S. bonds as their yields are attractive compared to longer term yields given the inversion in the U.S. yield curve.

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China’s holdings of U.S. debt increased by USD2.2 billion in July, reversing seven consecutive months of reductions, the 21st Century Business Herald reported citing data from the U.S. Treasury Department. China’s total holdings rebounded to USD970 billion. Increased holdings of U.S. bonds can help stabilize China’s foreign exchange reserves amid the sharp rise in the U.S. Dollar Index and they are much safer than holding U.S. stocks, the newspaper said. China may have adjusted its investment strategy by increasing its holdings of short-term U.S. bonds as their yields are attractive compared to longer term yields given the inversion in the U.S. yield curve.