China continues to diversify its foreign reserves, trimming its stockpile of US Treasuries to $693.3 billion in February. This move was recorded even as overall international holdings of American sovereign debt reached a new high.

China continued to diversify its foreign exchange reserves in February, trimming its US Treasury stockpile even as overall overseas holdings of sovereign American debt rose to a record high. China’s stockpile of United States Treasuries fell to US$693.3 billion in February, down from US$694.4 billion in January, according to US Treasury Department data released on Wednesday. Although China slightly increased its US Treasury holdings in January, the uptick did little to alter a broader downward.....