Treasury report ranks Taiwan as 7th largest creditor to US in Aug.


TAIPEI — Taiwan was the United States’ seventh largest foreign creditor in August, holding US$150.3 billion worth of U.S. Treasury bonds, according to a report released by the U.S. Department of the Treasury Tuesday.

Taiwan’s net holdings fell by US$4 billion from the previous month, the latest Treasury International Capital report said.

China remained the biggest foreign holder of U.S. debt, but its holdings also fell from the previous month by US$36.5 billion to US$1.137 trillion.

In contrast, Japan increased its holdings of U.S. Treasury bill to US$936.6 billion in August, up from US$914.8 billion in July, to remain the second-largest holder of U.S. debt.

The third-ranked United Kingdom expanded its net holdings of U.S. bonds by 12.4 percent in August to US$397.2 billion, according to the report.