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Reports on China Slowing US Debt Buying Could be Based on Wrong Information

Bloomberg News reported on Wednesday that Chinese officials reviewing the country's vast foreign exchange holdings have recommended slowing or halting purchases of US Treasury bonds.

Reuters

Updated:January 11, 2018, 10:31 AM IST
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Reports on China Slowing US Debt Buying Could be Based on Wrong Information
US Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. (REUTERS/Thomas White/Illustration/File Photo)
Beijing: Media reports on China considering reducing or halting purchases of US Treasuries could be based on wrong information, a Chinese government source said on Thursday.

Bloomberg News reported on Wednesday that Chinese officials reviewing the country's vast foreign exchange holdings have recommended slowing or halting purchases of US Treasury bonds.

China has been diversifying its foreign exchange reserves investments, the source who declined to be named said, adding that China's investments in US Treasuries are market-driven.

China's foreign exchange regulator later on Thursday said that the media reports that China is considering slowing or halting purchases of US Treasury bonds could be based on erroneous information.
| Edited by: Huma Tabassum
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