China cuts US Treasuries holdings

China slightly cut its holdings of US Treasury securities in April after raising its stake in US government debt in March, according to data released Friday by the US Department of the Treasury.

China cut its holding of Treasury bonds by $5.4 billion in April, bringing its total stake to $1.26 trillion, said the US government data. After the offloading, China remains the largest holder of the US debt.

Japan also trimmed its US debt holdings by $14 billion during April, and retained its No.2 position on the US Treasury securities holder list.