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China cuts US Treasury stockpiles to 16-year low amid Trump’s trade war

Summary by South China Morning Post
As tariffs rattled markets in April, Beijing’s US debt holdings fell to their lowest level since 2009.

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China reduced its holdings of US Treasuries in April to their lowest levels in 16 years, amid deteriorating trade relations with Washington and growing debate over the future of the dollar as the global reserve currency. Beijing held $757 billion in Treasuries at the end of April, down $8.2 billion from the previous month, according to data released by the US Treasury Department. It was the second consecutive monthly reduction and the lowest lev…

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South China Morning Post broke the news in Hong Kong on Thursday, June 19, 2025.
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