China cuts holdings of US Treasury bonds to $759 billion in December 2024

China cuts holdings of US Treasury bonds to $759 billion in December 2024

China's holdings of US Treasury bonds fell to $759 billion in December, according to data released by the US Treasury Department on Tuesday (US time). It marked a ninth month of declines in China's holdings of US government debt in 2024, according to the data.

China’s US bond holdings are going nowhere fast

The threat of Beijing dumping its $1.1 trln in Treasuries to gain leverage in trade talks or punish Trump has investors fretting. But the need for dollar reserves to manage the yuan means Chinese exposure to American debt will inhibit this part of the duo's financial decoupling.