CHINA TOPIX

Updated 2:00 PM EDT, Wed, May 20, 2020

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US Treasury

Airlines

US Treasury To Release $2.9 Billion To Rescue Pandemic Damaged Airline Industry

On Monday, the U.S. Treasury Department said it had allocated $2.9 billion in preliminary compensation aid to 54 minor passenger carriers and two large commercial airlines, while finalizing grant deals with six other major carriers.

It sold $66 billion worth of US debt in November, taking its holdings to the lowest level since 2010.

China’s US Treasury Holding Declines for Sixth Month; Hits Lowest Level Since 2010

China continues to cut its US treasury holdings for the straight sixth month. It sold $66 billion worth of US debt in November, taking its holdings to the lowest level since 2010. China is currently taking steps to boost up its local currency.

China has been given a clean chit by the US Treasury with regard to currency manipulation concerns.

US Clears China of Currency Manipulation Anew

China has been given a clean chit by the US Treasury with regard to currency manipulation concerns.

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