China cuts US Treasury holdings again in March

China reduced its holdings of US Treasury securities in March for the fifth month in a row while remaining the largest foreign holder, AFP reported. Chinese holdings of US debt fell US$9.2 billion to US$1.145 trillion in March, US$30.4 billion, or 2.6%, lower than its October peak of US$1.175 trillion. Still, rising interest from Japan and Britain – who increased holdings by US$17.6 billion and US$29.7 billion respectively – more than compensated for lower demand from China, Russia and other areas. The data, released on Monday, comes as the Treasury announced that it has reached its statutory borrowing limit of US$14.29 trillion and would have to begin taking measures to curb some issues.