China's reduction of U.S. debt is a normal investment operation

BEIJING, March 17 (Xinhua Ye Xiaonan) The US Treasury has reduced its holdings of US Treasuries by $5.4 billion trillion this January, China's third consecutive month, but China remains the largest U.S. creditor, according to data released by the U.S.　　Experts said that the increase or decrease in U.S. government debt investment operations is normal market behavior, the outside world do not have to read too much. U.S. Treasuries holdings in January fell to $1.1547 trillion from $1.1601 trillion last December, according to U.S. Treasury figures.　　Last December and November, China also reduced its holdings of US Treasuries two times. Despite the reduction, China remains the largest creditor country in the United States, holding a total of trillions of dollars.　　In fact, the U.S. Treasury's revised data, released at the end of February, showed that the peak value of China's holdings of US Treasuries reached $1.17 trillion trillion at the end of October 2010. Earlier, on its official website, the head of the State administration of safe said that foreign exchange reserve holdings of U.S. Treasuries is a market investment behavior, overweight or reduce U.S. Treasury bonds are normal investment operations.　　Due to fluctuations in the economic cycle, market supply and demand changes and many other factors will affect the price fluctuation of national debt, other asset price changes will affect the relative attractiveness of national debt, for this reason, we have been closely concerned about investment activities, tracking and analysis of various changes, and constantly dynamic optimization and adjustment operations, this need not be politicized interpretation. Ding, president of the University of Economic and foreign finance, 17th in an interview with our reporter, said that the recent reduction of U.S. Treasury bonds is based on the security, liquidity and profitability of China's reserves management comprehensive consideration. After the outbreak of the financial crisis, the United States adopted a stimulus monetary and fiscal policy, a sharp rise in the fiscal deficit, the balance of government debt accounted for the increase in GDP, triggering a market concern for the safety of assets in the United States.　　From the perspective of profitability, the reduction of US Treasuries is reasonable and financially meaningful. Market analysts believe that over the past year, China's holdings of U.S. Treasuries in general, is determined by the market environment, has increased and reduced. This shows that China is actively managing foreign exchange reserves, long-term, diversified investment, different assets exist in this way, dynamic complementary effect, can effectively control the overall risk of assets, meet liquidity needs, achieve overall value stability. At the same time, this change in currency and asset structure is gradual, and the impact on the relevant market will not have much impact. However, as the foreign exchange reserve management pays more and more attention to the benefits, we also hope that the United States, as a responsible country, take effective measures to safeguard the sustainable development of the United States and the global economy, protect investors ' interests and safeguard investors ' confidence.