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China may continue to cut its US debt holdings amid global worries over shrinking liquidity and safety risk of the assets and the country’s ramped-up efforts to diversify its foreign exchange reserves, experts said last week after reviewing the latest data from the US Treasury Department.
China further reduced its holdings of US Treasury in February to the lowest level in nearly 13 years, as other foreign holders of US Treasury also cut their holdings by 4.7 percent year-on-year to $7.34 trillion in February, data from the US Treasury Department showed.
While the renminbi's exchange rate against the US dollar continued to head south amid expectations of further interest rate hikes by the Federal Reserve, the Chinese currency can be stabilized leveraging China's significant trade surplus and stimulative economic policies, experts said.
The US Federal Reserve's interest rate increase will not affect China's economic stability, as overall risks in the domestic financial market are controllable, said experts and investors after the Fed raised its benchmark interest rate by 75 basis points on Wednesday, marking the sharpest rate hike since 1994.
The US Federal Reserve’s interest rate increase will not affect China’s economic stability, as overall risks in the domestic financial market are controllable, said experts and investors after the Fed raised its benchmark interest rate by 75 basis points on Wednesday, marking the sharpest rate hike since 1994. China’s central bank’s adherence to a relatively ...