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The trade war between Beijing and Washington has stoked concern in financial markets that China might opt to weaponize its holdings of more than $1.1 trillion worth of U.S. Treasuries in ...
China's stash of U.S. government debt dropped to $967.8 billion in June, the lowest since May 2010 when it held $843.7 billion. In May, the world's second biggest economy had $980.8 billion in ...
China is gradually reducing its holding of US dollar reserve, down to 25% [failed verification] in 2023 from 59% of its total foreign-exchange in 2016. [11] [12] However, China also holds US bonds in custody accounts at Euroclear Bank (in Belgium) and Clearstream Banking SA (in Luxembourg) and it has a large portfolio of US Agencies (mortgage ...
Yang Tao, director-general of the Chinese Foreign Ministry's North American and Oceanian Affairs department, rejected his explanation, telling reporters that the US is simply repackaging "decoupling" as "de-risking" from China. [242] July 7: The US Treasury Secretary, Janet Yellen criticized China's restrictions during her visit to Beijing ...
China now holds well under $1 trillion worth of US Treasuries after months of selling amid geopolitical tensions.
China is a major player in the Treasuries market. According to the most recent data from the US Treasury Department, China held $805.4 billion worth of Treasury securities as of August. It is the ...
Often referred to as the "nuclear option," choosing to dump so large a pool of assets would likely destabilize world financial markets, drive interest rates higher and push tensions between the ...
The intrusion was considered a "major cybersecurity incident" as it was attributed to an advanced persistent threat; [2] other agencies determined that the hack originated from China. [19] The New York Times reported that the hack was committed by a Chinese intelligence agency as part of an espionage operation, in juxtaposition to efforts to ...