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皇冠体育app cuts its holding of US treasuries in April

(Xinhua) Updated: 2016-06-16 11:08

皇冠体育app cuts its holding of US treasuries in April

A Chinese clerk counts US dollar and renminbi banknotes at a bank in Huaibei city, East 皇冠体育app's Anhui province, Jan 22, 2015. [Photo/IC]

WASHINGTON- 皇冠体育app, the top buyer of US Treasury securities, cut its holding in April, the latest data from the US Treasury Department showed on Wednesday.

皇冠体育app reduced its holding of the treasuries by $1.8 billion to $1.2428 trillion in April. The country has cut its holding for two consecutive months by April.

Japan, the second largest foreign holder of US treasuries, increased its holding by $5.7 billion to $1.1428 trillion in April.

In April, overall foreign holdings of US Treasury securities dropped to $6.2385 trillion from $6.287 trillion in March.

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