Interest in dollar investments continues unabated

At first glance, the data indicates China’s dramatic departure from the US bond market: According to official data from the US Treasury Department, China’s holdings of US Treasuries have fallen to their lowest level in 14 years. The most recent data available shows that China’s holdings of US Treasuries totaled 805 billion US dollars (750 billion euros) in August 2023. The last time the level was even lower was in May 2009 at 776 billion US dollars (720 billion euros).