WASHINGTON — China’s holdings of US Treasury bonds tumbled in December, allowing Japan to take over as the top holder of American government debt, according to Treasury data released Tuesday.

China’s bond holdings dropped substantially to 755.4 billion dollars in the last month of December from 789.6 billion in November, said the Treasury’s international capital data report.

Japan’s holdings increased to 768.8 billion dollars in December from 757.3 billion dollars in November, according to the data.

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