Overall, China’s holdings of US Treasury securities stood at US$1.08 trillion at the end of May, below the US$1.1 trillion level at the end of May 2019. Photo: Edmond So
China bought more US debt in May despite talk of financial war amid rising trans-Pacific tensions
- China added US$10.9 billion of the US Treasury securities in May, the first purchase since February, although the US$1.08 trillion total is slightly down from 12 months earlier
- Tensions have been rising between Beijing and Washington over the coronavirus, Hong Kong and Xinjiang, with questions raised over China’s access to the US dollar
Overall, China’s holdings of US Treasury securities stood at US$1.08 trillion at the end of May, below the US$1.1 trillion level at the end of May 2019. Photo: Edmond So
