China's ownership of US assets is declining: China’s combined holdings of Treasuries, stocks, and agency, corporate, and other bonds are down to $1.56 trillion, near the lowest in 14 years. This includes Belgium-held Treasuries, widely believed to represent Chinese custodial accounts. Excluding Belgium, total holdings are down to $1.16 trillion, the lowest since 2008. China's official Treasury holdings fell -$6.1 billion in November, to $682.6 billion, the lowest since October 2008. Now, China is urging banks to begin selling US Treasuries. Is China diversifying away from the US?