China Offloads Largest Amount of US Treasury and Agency Debt in History
China Offloads Record $53.3 Billion of US Treasury and Agency Debt in Q1 2024
China has deviated from historical norms by offloading a record-breaking $53.3 billion of U.S. Treasuries and agency bonds in the first quarter of 2024.
Possible China Diversification
This potential diversification correlates with a period during which the Chinese central bank emerged among institutions, leading to the accumulation of gold.
As reported by Finbold back in April, in 2023 alone, China's gold reserves surged by over 225 tonnes. Notably, the country has consistently boosted its gold holdings for 17 consecutive months.
Indeed, economic tensions between China and the US are escalating, raising questions about stability.
Therefore, there remains a high possibility that the offloading of US Treasury and agency debt could speed up in the coming months ahead of the presidential elections.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.