China's holding of US Treasury falls to a 10-month low
Updated: 2016-02-17 11:13
A $100 banknote is placed next to 100 yuan banknotes in this October 16, 2010 file picture illustration taken in Beijing. [Photo/Agencies]
China reduced its holding by $18.4 billion to $1.2461 trillion in December, coinciding with the country's sharpest monthly fall in foreign reserves.
The country's forex reserves dropped to $3.33 trillion in December, the lowest levels since 2012, according to official data.
Japan, the second largest foreign holder of US Treasury securities, also cut its holding in December by $22.4 billion to $1.1225 trillion.
Net selling by foreign governments of US securities, including Treasuries, agency debt, corporate bonds and stocks, totaled $51.3 billion, marking the biggest monthly outflow on record for official holders, reported Bloomberg citing the department.
Xinhua contributed to this story.