China cut its holdings of US Treasuries for a third month in a row in June, reducing its stake by US$11.3 billion to US$835.4 billion amid an increasingly geopolitical environment.
  • LastYearsPumpkin@feddit.chEnglish
    41·
    1 year ago

    However, the United Kingdom increased its holdings by US$55 billion and Belgium by US$58.9 billion during the same period to June.

    China has increased its gold reserves by 6.05 million ounces in the past year, or 9.7 per cent, to 68.69 million ounces at the end of July.

    Interesting change in China’s holdings, but not surprising. China and the US have been trying to separate their economies for a while now. Having them so intertwined has been a problem on both sides.

  • burningmatches@feddit.ukEnglish
    21·
    1 year ago

    I’m not sure that anything in this article is true. Has China “cut” its treasury holdings or have they declined in value? Or have some maturing treasuries not been reinvested in new treasuries? Probably a bit of both, but there’s no evidence that China has “cut” its ownership of treasuries. And it probably reinvests most of its maturing treasuries into other dollar bonds. China isn’t de-dollarising its foreign reserves to any significant extent and this likely isn’t a story.