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US Treasury holdings rise in June

By Hu Yuanyuan, Zhang Yuwei and Wei Tian | China Daily | Updated: 2011-08-17 08:07

US Treasury holdings rise in June

Purchase of $5.7 billion shows options are limited

BEIJING / NEW YORK - China purchased another $5.7 billion of US Treasuries in June, an investment described by one expert as "the best of a bad bunch", amid growing calls for the country to diversify its foreign reserves.

June was the third consecutive month that China increased its holdings in US Treasury bonds, despite concerns over the safety of dollar assets.

US Treasury holdings rise in June

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