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China cuts US Treasury holdings in July to 14-year low amid growing uncertainty of US economy

China cuts US Treasury holdings in July to 14-year low amid growing uncertainty of US economy
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China cuts US Treasury holdings in July to 14-year low amid growing uncertainty of US economy

China, the second-largest holder of US Treasury bonds, cut its holdings for a fourth consecutive month in July to $821.8 billion, a 14-year low, data from the US Treasury Department showed on Monday local time.
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China's Aug new bank loans exceed expectations as financial support for real economy increases

China's Aug new bank loans exceed expectations as financial support for real economy increases
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China's Aug new bank loans exceed expectations as financial support for real economy increases

New bank loans in China almost quadrupled in August from July to an all-time record of 1.36 trillion yuan ($186.18 billion), the central bank announced on Monday. The figure was far above expectations and showed that the intensive series of macro policies announced in August had an almost immediate effect in boosting market confidence, experts said.
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