China acquired $8.3 billion in US treasuries in December

China again increased its holdings of US Treasury securities in December after cutting 12.6 billion US dollars the previous month, the US Treasury Department said on Thursday.

China's holdings of US treasuries went up 8.3 billion dollars to 1.1849 trillion dollars in December. China remained the largest foreign holder of US treasuries.

Japan, the second largest holder, meanwhile continued to cut its holdings for the fifth month in a row: these dropped 22.6 billion dollars to 1.0615 trillion dollars.

By the end of December, overall foreign holdings of US Treasury securities had slightly dropped to 6.3103 trillion dollars from November's revised 6.3331 trillion dollars.

China's foreign exchange reserves meanwhile rose for the 12th straight month to reach 3.1615 trillion dollars at the end of January.

The country's forex reserves will remain stable in the future, said China's forex regulator, the State Administration of Foreign Exchange, citing positive economic fundamentals and a recovering global economy.

(CGTN)