In the News: U.S. Treasuries Holdings; Home Prices Drop; and Stable Insurance Sector

December 18, 2018 | BY

Jacelyn Johnson

China's U.S. Treasury bonds holdings drop for fifth month; home prices in first-tier cities decrease for the third consecutive month; and regulators see stable general and core solvency ratios for the insurance sector.

China's Holdings of U.S. Treasury Bonds Continue a Downward Spiral

China's holdings of U.S. Treasuries totaled $1.14 trillion in October, continuing a downward spiral for the fifth consecutive month and hitting the lowest this year, according to statistics released by the U.S. Treasury Department.

However, China remained the largest foreign buyer of U.S. government debt. According to a report by the Financial Times, China's appetite for U.S. government debt has come into focus due to the China-U.S. trade dispute, which has contributed to the depreciation of the renminbi, which fell to the lowest point against the U.S. dollar in October since the financial crisis.

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]