China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.
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How Would a New BRICS Currency Affect the US Dollar? (Updated 2024)Will Dollar Strength Continue? | J.P. Morgan ResearchWeakened China won’t overtake US economy ‘until 2080’Chinese Currency & Payment MethodsBeijing offloaded a total of $53.3 billion of Treasuries and agency bonds combined in the first quarter, according to calculations based on the latest data from the US Department of the Treasury. Belgium, often seen as a custodian of China’s holdings, disposed of $22 billion of Treasuries during the period.
