In March, China reduced its holdings of US $18.90 billion US bonds, the size of its holdings fell to third, and the UK rose to second

On May 17, local time on May 16, US Treasury released data showing that in March 2025, among the top three overseas creditors of US debt, Japan and the United Kingdom increased their holdings of US Treasury bonds, and China reduced their holdings. China changed from the second largest creditor of the United States to the third largest creditor, and the United Kingdom became the second largest creditor. March is on the eve of this round of US bond market turmoil. The US Treasury's March 2025 International Capital Flow Report (TIC) shows that Japan increased its holdings of US Treasury bonds by 4.90 billion US dollars in March, and its holdings were 1.1308 trillion US dollars, still the largest creditor of the United States. < b > China reduced its holdings of US Treasury bonds by 18.90 billion US dollars to 765.40 billion US dollars in March, the first reduction this year. After the reduction, China's holdings of US Treasuries fell from second to third. Since April 2022, China's holdings of US Treasuries have been below 1 trillion US dollars, and the overall trend has been reduced. In January 2025, China increased its holdings of US Treasury bonds by 1.80 billion US dollars, and in February it increased its holdings by 23.50 billion US dollars. In 2022, 2023, and 2024, China reduced its holdings of US Treasuries by 173.20 billion US dollars, 50.80 billion US dollars, and 57.30 billion US dollars respectively.