China’s holdings of US Treasuries hit a 20-month low in October as momentum for buying US securities waned alongside the yuan’s appreciation, Bloomberg reported. As of October, China held US$1.25 trillion in US debt, remaining the biggest foreign creditor to the US despite a US$13.6 billion drop from September. Japan followed closely behind, holding US$1.22 trillion of debt. China remained as the world’s largest holder of foreign-exchange reserves at the end of the third quarter according to official figures, with total holdings at US$3.89 trillion, down from US$3.99 trillion at the end of June.