America
China trims its holdings of US Treasury secuities
Updated: 2011-04-15 21:52
(Agencies)
WASHINGTON - China, the biggest buyer of US Treasury securities, trimmed its holdings for a fourth straight month in February and Japan boosted its holdings one month before a devastating earthquake hit the country.
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Total foreign holdings increased 0.5 percent to $4.47 trillion. However, as US government moves closer to the $14.3 trillion debt limit, it will have to scale back sales unless Congress moves to raise the limit.
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