Beijing shed more US debt in May as trade tensions flared and Trump’s ‘Big Beautiful Bill’ sparked alarm

Beijing’s holdings fell to US$756.3 billion from US$757.2 billion in April, according to US Treasury Department data. That was the lowest level since March 2009, based on figures compiled by Wind.

The decline has continued since March, when China dropped to third place among foreign holders, behind Japan and the United Kingdom.

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