China’s May holdings of US Treasuries dip for the third straight month to a two-year low amid trade war woes

//China’s May holdings of US Treasuries dip for the third straight month to a two-year low amid trade war woes

China’s May holdings of US Treasuries dip for the third straight month to a two-year low amid trade war woes

China’s holdings of US Treasuries dipped in May to the lowest in two years amid an escalation of the trade war between the world’s two largest economies.The Asian nation’s pile of notes, bills and bonds fell by US$2.8 billion to US$1.11 trillion, according to Treasury Department data released Tuesday in Washington. It was the third straight month of declines and left the nation’s holdings the smallest since May 2017.China remained the US’s biggest foreign creditor. Japan was next, with US$1.1…

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By | 2019-07-17T04:06:08+00:00 July 17th, 2019|Business|Comments Off on China’s May holdings of US Treasuries dip for the third straight month to a two-year low amid trade war woes