{"id":8889,"date":"2025-07-20T17:11:16","date_gmt":"2025-07-20T17:11:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/8889\/"},"modified":"2025-07-20T17:11:16","modified_gmt":"2025-07-20T17:11:16","slug":"china-cuts-us-treasury-holdings-for-third-month-amid-trade-war-debt-ceiling-fears","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/8889\/","title":{"rendered":"China cuts US Treasury holdings for third month amid trade war, debt ceiling fears"},"content":{"rendered":"<p>China trimmed its US Treasury holdings for a third straight month in May, amid escalating trade tensions with Washington and mounting concerns over a <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/news\/china\/diplomacy\/article\/3317588\/will-trumps-big-beautiful-bill-offer-opportunities-china?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">sweeping tax and spending bil<\/a>l.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Beijing\u2019s 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.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The decline has continued since March, when China dropped to third place among foreign holders, behind Japan and the United Kingdom.<\/p>\n<p>In May, China and the US agreed to <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/news\/china\/diplomacy\/article\/3310954\/us-and-china-called-truce-tariffs-battleground-expanding?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">a 90-day truce<\/a> in their unprecedented trade war after talks in Geneva. But tensions soon reignited after Washington announced new export restrictions and Beijing imposed curbs on rare earth exports.There were fears the trade war could <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3305989\/everythings-table-are-us-and-china-edging-toward-financial-war?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">spill over<\/a> into financial markets amid speculation that Beijing might offload its large US Treasury holdings or that Washington could delist Chinese firms from American stock exchanges.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Lian Ping, chairman of the China Chief Economists Forum, warned in May that while full-scale US financial sanctions against Beijing were unlikely, the sector could still \u201cbecome a new battleground\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"China trimmed its US Treasury holdings for a third straight month in May, amid escalating trade tensions with&hellip;\n","protected":false},"author":2,"featured_media":8890,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[10656,64,63,3686,99,512,10655,2490,164,10654,10651,941,10658,10649,3586,10657,10653,10652,3601,10650],"class_list":["post-8889","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-american-stock-exchanges","tag-au","tag-australia","tag-beijing","tag-business","tag-china","tag-china-chief-economists-forum","tag-donald-trump","tag-economy","tag-geneva","tag-house-of-representatives","tag-japan","tag-lian-ping","tag-trade-war","tag-united-kingdom","tag-us-debt","tag-us-treasury","tag-us-treasury-department","tag-washington","tag-wind"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/8889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=8889"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/8889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/8890"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=8889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=8889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=8889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}