China reduces its holdings of U.S. Treasury securities in October. [Photo: gucheng.com]

The latest data from the US Treasury Department shows that China reduced its holdings of Treasury securities in October.

China cut its holdings by 3.2 billion US dollars in October, the second consecutive month for its holding reduction.

Its current holdings amount to 1.3 trillion dollars.

Japan also cut its holding by 28 billion dollars in October.

Tokyo's holdings now amount to 1.2 trillion dollars.

Overall, foreign holdings of US Treasury securities in October dropped to just over 6 trillion dollars compared to September, a change of about 100 billion dollars.