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Reports on China slowing U.S. debt buying could be based on wrong information - source

Reuters  |  BEIJING 

(Reuters) - on considering reducing or halting purchases of U. S. Treasuries could be based on wrong information, a Chinese source said on Thursday.

reported on Wednesday that Chinese officials reviewing the country's vast foreign exchange holdings have recommended slowing or halting purchases of


has been diversifying its foreign exchange reserves investments, the source who declined to be named said, adding that China's investments in U. S. Treasuries are market-driven.

China's foreign exchange regulator later on Thursday said that the that is considering slowing or halting purchases of bonds could be based on erroneous information.

(Reporting by Room; Editing by Sam Holmes)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 10:05 IST