In just the last two weeks China has cut its holdings of US government bonds worth around $100 billion. Beijing justified the step as a measure to support the yuan. However, the move can also be viewed as a clear warning to the United States, DWN wrote.
China has massively reduced its holdings of US Treasuries in the last two weeks. Beijing informed the US government about the sales, but has not indicated the exact scope of the disposals, DWN reported.
The Chinese central bank sold the US government bonds, both directly, and indirectly Bloomberg reported…
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