From: the.wise.one@abel.co.uk   
      
   China cuts US Treasury holdings in June   
      
   (chinadaily.com.cn)   
      
   Updated: 2009-08-18 10:45   
      
      
   NEW YORK: China reduced its holdings of US Treasury debt in June by the   
   biggest margin in nearly nine years, according to a US Treasury   
   Department report issued on Monday.   
      
   China cut its net holdings by 3.1 percent to $776.4 billion in June from   
   $801.5 billion in May, the report says. This is also the first   
   large-scale reduction of US Treasury debt by China so far this year.   
      
   However, its June holdings were still larger than April's $763.5 billion   
   and $767.9 billion in March, according to the statistics of the Treasury   
   Department.   
      
   Reuters data show the drop in China's Treasury holdings in June was the   
   biggest percentage reduction since a 4.2 percent cut in October 2000.   
      
   On the other hand, Japan, the second-largest holder of US Treasury   
   securities, increased its holdings to $711.8 billion in June from $677.2   
   billion in May.   
      
   The United Kingdom, the third largest holder, also increased its   
   holdings to $214 billion in June from $163.8 billion, a surge of 30.6   
   percent.   
      
      
   http://www.chinadaily.com.cn/china/2009-08/18/content_8582318.htm   
      
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