China has no intention to reduce the US treasury holdings, said vice chairman of the China Securities Regulatory Commission Fang Xinghai.

 “China will continue to be a savings surplus country for some time, though the saving is declining,” Fang Xinghai said. “We have to invest abroad, and the U.S. government bond market turns out to be a good place to invest.”

According to the official, the current tensions will not affect the interest of the Chinese government in purchasing US government debt, Reuters reported.

As of September, the amount of China’s bonds was $ 1.171 trillion.