China Dumps US Debt as Japan, Other Countries Bolster Treasury Securities

China sold billions in U.S. Treasury securities and equities while many countries scooped up more American assets.

US dollar notes were being counted next to stacks of 100 yuan (RMB) bank notes at a bank in Huaibei, in eastern China's Anhui province, on Sept. 24, 2013.STR/AFP via Getty Images

Foreign holdings of U.S. Treasury securities rose in August, for the third consecutive month, to their highest level since December 2021, according to new data from the Treasury Department. However, China captured attention by continuing to dump vast amounts of U.S. assets.

Total holdings of U.S. debt increased nearly 3 percent year-over-year to $7.707 trillion. That was also up from the $7.655 trillion in July.