In just over half a year, China sold off US$100 billion worth of Treasuries, or nearly 10% of its total holdings.

In just over half a year, China sold off US$100 billion worth of Treasuries, or nearly 10% of its total holdings.

The Chinese government is redistributing wealth. The value of China’s U.S. Treasury holdings in July was 9 percent lower than it would have been at the end of 2021, and in August, the country imported more gold than ever before. As a result of the dollar’s decline in value, the United States, Europe, and Japan …

In just over half a year, China sold off US$100 billion worth of Treasuries, or nearly 10% of its total holdings. Read More »