China Sells $48,900,000,000 in US Treasuries in One Quarter, Analyst Says ‘Clear Intention’ To Dump US Dollar Holdings on Display

The world’s second-largest economy is steadily unloading billions of dollars in US Treasuries. New data from the U.S. Treasury Department shows China pared its Treasury holdings from $816.3 billion in December of last year to $767.4 billion in March. That’s a quarterly decrease of $48.90 billion. The chief Asia foreign-exchange and rates strategist at Bloomberg Intelligence, […] source: https://dailyhodl.com/2024/05/19/china-sells-48900000000-in-us-treasuries-in-one-quarter-as-former-imf-official-warns-the-worlds-two-largest-economies-are-heading-for-a-massive-new-trade-war/