China is no longer the top holder of US debt after its total dips below $1 trillion for the first time in 12 years

China is no longer the bigger holder of US debt as its portfolio dipped below $1 trillion for the first time since 2010. In May, China held $980.8 billion in US debt, down $23 billion from the prior month and almost $100 billion from a year ago, according to Treasury Department data released on …

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