“This is a warning to the US,” Natixis Asia-Pacific chief economist Alicia Garcia-Herrero told UK business media, pointing out that China has been slowly offloading its US Treasury assets for years after hitting a peak of over $1.3tn in 2011.
Russia
sold off virtually all of its US Treasuries in 2018 amid US readiness
to use the dollar as a weapon, with current holdings of about $25mln
down from a historic high of $176.3bn in October 2010.
For First Time in a Quarter Century, China No Longer Second-Largest Holder of US Treasury Debt
Japan’s
Treasury holdings remain the world’s largest, currently standing at
$1.13trn.
Japan warned in early May that it could use its holdings as a
trump card in trade talks with Trump.
China
and the UK have flipped places in the ranking of top foreign holders of
US Treasuries, with the Asian nation’s holdings shrinking from $784bn
to $765bn from February and March, while Britain’s grew from $749bn to
$779bn during the same period.
No comments:
Post a Comment