China snapped up US$10.7 billion of US Treasury debt in October, bringing its holdings to $1.3045 trillion – the second-highest level since a record high of $1.3149 trillion in July 2011, The Wall Street Journal reported. After reducing its holdings in September, China bought more US debt than any other foreign investor in October, a sign that the government shutdown in the US and threat of default that month didn’t diminish the market’s status as a global haven. China primarily bought T-bills due in one year or less.
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