(Yicai Global) June 16 -- China trimmed its holdings of US Treasury bills for the fifth consecutive month in April to its lowest level since May 2010, according to the latest data.

China’s holdings shrank by USD36.2 billion in April from March to USD1.003 trillion, but it remains the US’ second-largest creditor, according to the most recent US Treasury International Capital report. Since last December, China has reduced its holdings by USD77.4 billion.

Japan, the US’ biggest creditor, cut its holdings by USD13.9 billion in April, giving it a balance of USD1.219 trillion, the lowest level since February 2020.

All the 11 biggest holders of US Treasury securities, including the UK and Ireland, reduced their holdings in April. Overall, overseas investors held USD7.45 trillion of Treasury bills in April, down from USD7.61 trillion in March and the lowest level since last April.

Editor: Kim Taylor