China slashes US Treasuries stake, holdings sink to lowest since 2008

Foreign ownership of U.S. Treasuries hit a record $9.16 trillion in July, rising for a third straight month on strong purchases from Japan and the UK. Japan’s holdings climbed to $1.15 trillion, while UK holdings neared $900 billion.

In contrast, China cut its exposure to $731 billion, the lowest since 2008, as it seeks to diversify away from the dollar and support the yuan.

Via data from the US Treasury Department released late Thursday.

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Earlier:

• Chinese President Xi Jinping has agreed to speak with Trump, call scheduled Friday

This article was written by Eamonn Sheridan at investinglive.com.