Report: China May Stop Buying U.S. Treasuries
by John Carney Chinese officials have recommended that the government slow or halt its purchases of U.S. Treasuries, Bloomberg reported Wednesday. China holds $3.1 trillion in foreign exchange reserves, making it the world’s largest holder. China’s central bank amasses dollars when the country turns a large trade surplus with countries such as the U.S. and when Chinese authorities manipulate their currency by selling it and buying dollars. The market for U.S. government bonds has become less attractive relative to other assets, including sovereign debt issued by other countries, according to the Chinese review. Bloomberg notes that trade tensions with the...
by John Carney Chinese officials have recommended that the government slow or halt its purchases of U.S. Treasuries, Bloomberg reported Wednesday. China holds $3.1 trillion in foreign exchange reserves, making it the world’s largest holder. China’s central bank amasses dollars...
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