China's first reduction in U.S. Treasuries in a year

April reduction of 4.4 billion the move sparked widespread interest in the comprehensive Xinhua News agency, Beijing, June 16 (Reuters)-The US Treasury holdings, at the end of April this year, were $763.5 billion trillion, less than 767.9 billion U.S. dollars at the end of March. This means that in April our country reduced its holdings of about $4.4 billion trillion in US Treasuries.　　This is the first time in more than a year to reduce U.S. Treasury bonds. Of China's huge foreign-exchange reserves, just 4.4 billion dollars is drop. However, the move has aroused widespread concern.　　Analysts say the reduction itself reflects the cautious mentality of governments or institutions to hold large amounts of US Treasuries in the context of a weaker dollar.　　In fact, not only China, but also many countries and regions, including Japan, Russia and Brazil, have reduced the amount of U.S. Treasuries in April. Thus, reducing reliance on the dollar is becoming a strategic choice for some countries. But analysts also point out that the problem now facing these countries is whether there will be better investment opportunities in addition to US Treasuries. The head of the relevant State Department has also pointed out that the investment in U.S. Treasury bonds is an important part of China's foreign exchange reserve investment application.