China has reduced its holdings in US Treasury bonds and US bills, which totaled $859.4 billion in January last year, and Saudi Arabia and Kuwait have also reduced them.
The latest data from the US Treasury Department showed that China reduced its holdings in US Treasuries in January 2023 to $859.4 billion from $867.1 billion in December 2022.
For comparison, China’s investments in these bonds in January 2022 amounted to $1,033.8 billion, and the highest level of these investments was recorded in November 2013 at that time – $1,316.7 billion.
This means that China reduced these investments in January 2023 by 21% compared to the November 2013 peak of $1,316.7 billion.
China ranks second on the list of major holders of US Treasuries and bills, while Japan ranks first with an investment of $1,104.4 billion (Jan 2023).
In the Arab world, Saudi investment in these bonds reached $111 billion in January 2023 from $119.7 billion in December 2022. Kuwait also cut investments from $48.5 billion (December 2022) to $43.3 billion (January 2023).
At the same time, Iraq increased it from $40.8 billion (December 2022) to $41.2 billion (January 2023), and the UAE increased it from $58.6 billion (December 2022) to $64.9 billion dollars (January 2023).
Source: RT
