China regains spot as largest foreign US creditor
Japan had held that spot for eight months before June, when China bought the most US Treasuries in six years
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Beijing
CHINA purchased the most US Treasuries in six years in June, vaulting past Japan as the largest overseas lender to the US government, possibly taking advantage of recent weakness in the dollar in a rising US interest rate environment.
Tuesday's report from the US Treasury Department also signalled that China has steadily ratcheted up its accumulation of US government debt as it has burned far less of its foreign exchange reserves this year to defend the yuan currency.
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