James Bowers
© Reuters / Chip East

China, the largest foreign holder of US debt, slashed its holdings for a sixth straight month in November. Beijing had $1.12 trillion in US Treasuries, down from $1.138 trillion in October. The decline brought China's Treasury holdings to the lowest level since May 2017, the data showed.

The two largest foreign creditors of the US - China and Japan - have both been unloading US Treasury securities. China's holdings fell by $55 billion from a year earlier, Japan's by $47 billion to $1.04 trillion. Tokyo has now reduced its stash by 16 percent since the peak of $1.24 trillion at the end of 2014.


