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China sold a record $53.3 billion of US Treasury and agency bonds in the first quarter of 2024, likely due to escalating trade tensions and a desire to diversify its assets. This move is raising concerns as China is a major holder of US debt and its actions could impact the US economy. Additionally, China has been increasing its gold reserves, potentially as a way to mitigate sanctions risk.

https://archive.ph/6f6XN

  • Sodium_nitride@lemmygrad.ml
    ·
    2 months ago

    Belgium, often seen as a custodian of China’s holdings, disposed of $22 billion of Treasuries during the period.

    Belgium is a custodian of china's holdings?

    • Pentacat [he/him]
      ·
      2 months ago

      They throw cat litter wherever the US vomits on the floor?