Capital Flows Atlas

Countries · China

China

China was once the largest foreign holder of US Treasuries. Its holdings have fallen steadily as it diversifies its reserves.

China's holdings of US Treasuries

End-of-month holdings by custodian country, $bn.

Holdings over the last 13 months

$bn, end of month.

The renminbi in global reserves

Share of central banks' allocated reserves held in renminbi, per cent.

Renminbi share of global reserves

Per cent, quarterly.

Direct and equity investment

Annual net inflows into China, $bn.

Net inflows by year

Foreign direct investment and portfolio equity, $bn.

Some Chinese holdings sit with custodians in Belgium and elsewhere, so the mainland figure understates China's total exposure to Treasuries.

The monthly read

A short email after each TIC release: where money moved, what changed among the big holders, and the charts that matter.