USEUROPEAFRICAASIA 中文雙語Fran?ais
    China
    Home / China / Top Stories

    China sells more of its US debt in February: Treasury

    By Amy He in New York | China Daily USA | Updated: 2014-04-16 11:32

    China, the largest holder of US debt, sold some of those securities in February, according to new data released by the US Treasury Department.

    China's holdings for February totaled $1.272 trillion, down from $1.275 trillion in January. The country acquired a record amount of US treasuries in November of last year, and has since sold US debt almost every month since.

    Japan, the second largest US debt holder, picked up an additional $9.1 billion in February, bringing its total to $1.21 trillion.

    Based on data released by the People's Bank of China (PBOC) or activity through March, China's foreign exchange reserves hit an all-time high of $3.95 trillion, increasing about $100 billion.

    "Some senior officials have been claiming that the move down in the renminbi (RMB) recently was driven by the economic slowdown and the drop in the trade balance, but that doesn't explain the Q1 bounce in foreign-exchange reserves," said Kent Troutman, research analyst at the Peterson Institute.

    Troutman said that the central bank was potentially facing appreciation pressures from the country's financial channels, so intervention was needed to "thwart those pressures", though a few more months' worth of data is needed for a sign of whether the central bank has reached a turning point in intervention policy.

    Joseph Gagnon, senior fellow at the Peterson Institute, said that China's capital flows are getting more "volatile", but that ultimately, "a reduction early this year would not be surprising and would not say much about the future".

    "However, the PBOC decided to push the renminbi down late in February and into March, so it must have purchased a lot of foreign-exchange reserves in late February and March," he said. "Some of these may eventually show up in US Treasuries, so March may see an increase."

    Foreign purchases of US Treasuries hit a record high in February, totaling $5.89 trillion, up from $5.84 trillion in January, most likely due to tension between Russia and the West, analysts said.

    The "strong inflows may have been the result of de-risking flows following the beginning of escalation in the Crimean region, with US investors similarly shedding $1 billion in foreign assets during the month, consistent with a risk-off tone," wrote Gennadiy Goldberg, interest-rate strategist with TD Securities, in a note.

    "Private investors purchased $75.9 billion in Treasuries during the month as official accounts purchased $16.6 billion, leading to the strongest month of Treasury purchases since the post-US downgrade uncertainty of September 2011," he wrote.

    The total of all net foreign acquisitions of long-term securities, short-term US securities, and banking flows was $167.7 billion, the Treasury said.

    Foreigners purchased $76.5 billion in long-term securities, after selling a revised $2.1 billion in January. The department said that there was $85.7 billion of long-term capital inflow in February.

    amyhe@chinadailyusa.com

    Editor's picks
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    亚洲A∨无码无在线观看| 亚洲一区中文字幕久久| 国产中文字幕乱人伦在线观看| 无码国产福利av私拍| 亚洲精品97久久中文字幕无码| 成人午夜福利免费专区无码| 少妇性饥渴无码A区免费 | 在线中文字幕精品第5页| 国产午夜无码专区喷水| 国产成人A亚洲精V品无码 | 波多野结衣中文在线| 东京热无码av一区二区 | 亚洲AV日韩AV永久无码久久 | 中文字幕久精品免费视频| 无码AV岛国片在线播放| 最近高清中文在线字幕在线观看| 中文字幕人妻中文AV不卡专区 | 全球中文成人在线| av无码国产在线看免费网站| 亚洲av永久无码精品网站| 中文字幕在线资源| 中文精品无码中文字幕无码专区| 国产精品亚洲αv天堂无码| 免费精品无码AV片在线观看| 国精品无码一区二区三区在线蜜臀 | 在线欧美天码中文字幕| 色综合网天天综合色中文男男| 少妇人妻综合久久中文字幕| 91久久精品无码一区二区毛片| 无码人妻品一区二区三区精99 | 亚洲综合无码AV一区二区| 中文无码熟妇人妻AV在线| 亚洲欧美日韩中文字幕一区二区三区 | 欧美中文字幕在线视频| 中文精品久久久久人妻不卡| 无码专区久久综合久中文字幕| 婷婷色中文字幕综合在线| 中文字幕人妻无码一夲道| 中文字幕亚洲乱码熟女一区二区| 亚洲av无码乱码在线观看野外| 亚洲AV无码乱码在线观看性色扶|