In July, China’s ownership of U.S. Treasuries declined to a six month low.
China’s holdings of U.S. bonds, bills and notes was $1.17 trillion in July – the lowest level since January. In June, it was $1.18 trillion. (According to data released by the Treasury Department on Tuesday). The news comes at a time when trade war between the U.S. and China seems to have only intensified. In the latest round of the 'battle', the U.S. will impose fresh levies on an additional $200 billion of Chinese goods on September 24, to which China has responded with its plan to hit $60 billion of U.S. goods with tariffs.