china reduces holdings in us debt 中国减少美国国债持有量-凯发k8官网

china reduced its holdings of us government debt by the largest ¹ in nearly nine years in june, according to data from the us ².

美国财政部数据显示，六月份中国减少美国国债持有量，这是近九年以来最大一次资金空白。

china wants to establish a new global currency regime

china holds more us government debt than any other country and cut its holdings of us securities by more that 3% in june, said the bbc's chris hogg.

japan and the uk - second and third largest ³ of us debt - increased their holdings over the same period.

china's holding of us debt is about 7% higher than at the turn of the year.

inflation fear

in recent months the us government's budget ⁴ has widened thanks in part to the obama administration's ^{5 6} plan.

our correspondent in shanghai says that china is worried about this, and fears the stimulus efforts will fuel inflation in the us, reducing the value of the dollar.

this would then ⁷ the value of the debt china holds in the us currency.

in june, china cut its holdings of us securities by about $25bn, a fall of 3.1%.

'dollar alternative'

the sales were made as the us treasury secretary was visiting beijing to try to ⁸ the chinese that their investment in his country's government debt is safe.

in 2008, the chinese increased their holdings in us debt by 52% over 12 months.

"china has said it would like to establish an alternative to the us dollar as the world's favoured currency for foreign exchange reserves," said our correspondent.

"so far there is no evidence that there is a suitable alternative. but these figures suggest they are exploring ways to ⁹（使多样） their investments where they can."