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Experts: China may further cut its U.S. debt holdings
China may continue to cut its U.S. debt holdings amid global worries over shrinking liquidity and safety risk of the assets and the country's ramped-up efforts to diversify its foreign exchange reserves, experts said on Thursday after reviewing the latest data from the U.S. Treasury Department. U.S. data showed that China, the second-biggest foreign holder of U.S. Treasury securities, cut its holdings for five consecutive months to August to $805.4 billion, just shy of the existing low of $801.5 billion reached in May 2009. China slashed its holdings at a time when both Japan and the United Kingdom — the largest ... (full story)