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China Reduces U.S. Treasury Holdings Amid Dollar Shift

11/20/2025

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Summary

Story summary

China's holdings of U.S. Treasury bonds fell to $700.5 billion in September, from $701 billion in August.
The drop marks the fifth monthly reduction this year and follows a peak of $1.32 trillion in November 2013.
Japan remains the largest non-U.S. holder of Treasuries at $1.189 trillion.
Total foreign holdings fell to $9.249 trillion in September, a decline analysts attribute to China’s strategies to lessen reliance on the U.S. dollar.

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Story summary

China's holdings of U.S. Treasury bonds fell to $700.5 billion in September, from $701 billion in August.
The drop marks the fifth monthly reduction this year and follows a peak of $1.32 trillion in November 2013.
Japan remains the largest non-U.S. holder of Treasuries at $1.189 trillion.
Total foreign holdings fell to $9.249 trillion in September, a decline analysts attribute to China’s strategies to lessen reliance on the U.S. dollar.