PRC Dumping US Securities at Increased Rate

[Navarro]

"China’s holdings of US Treasury securities plunged by a stunning $66.4 billion in November 2016, after having already plunged $41 billion in October, the US Treasury Department reported ... After shedding Treasuries for months, China’s holdings, now the second largest behind Japan, are down to $1.049 trillion ... Over the 12-month period, China slashed its holdings by $215.2 billion, or by 17% ... Japan’s holdings of US Treasuries dropped by $23 billion in November. Over the 12-month period, its holdings are down by $36.3 billion ... Total holdings by foreign entities, including by central banks and institutional investors, fell by $96.1 billion in November. China’s decline accounted for 69% of it, and Japan’s for 24% ... Japan and China remain by far the largest creditors of the US, and the US still owes them $2.16 trillion combined. But that’s down by $90 billion from a month earlier and down $251 billion from a year earlier"
http://wolfstreet.com/2017/01/18/chinas-holdings-of-us-treasuries-plunge-at-historic-pace/

 

[Navarro]

"China’s holdings of U.S. Treasuries declined in November for a sixth straight month ... China held $1.05 trillion in U.S. government bonds, notes and bills in November, a drop of $66.4 billion from the prior month that was the steepest since December 2011. Japan’s portfolio decreased for fourth consecutive month, falling by $23.3 billion to $1.11 trillion ... The People’s Bank of China ... has burned through a quarter of its war chest since 2014 ... the country has dumped about $270 billion of U.S. government debt since its holdings peaked at $1.32 trillion in 2013 ... 'China’s reserves are shrinking' ... Foreign holdings of U.S. Treasury debt totaled $5.94 trillion, a drop of $96.1 billion from the previous month"
https://www.bloomberg.com/news/articles/2017-01-18/china-s-holdings-of-u-s-treasuries-drop-by-most-since-2011