China holds 800 B Us trearuries, same as in 2010. down from peak of 1,300 B.
https://t.me/EurasianChoice/37120🇨🇳💰Why is China dumping US Treasuries for gold?
China’s holdings of US Treasury bonds plunged by $22.7 billion in February to $775 billion, according to data released by the US Treasury Department last week. This is not an isolated development. Over the past decade, China has dumped 40% of its US Treasury holdings. Here's what you need to know:
??China has been divesting itself of US debt for several years, with its investment in the latter hitting a 14-year low in Oct 2023.
??China is minimizing its exposure to the US dollar, seeing how US has weaponized the greenback by freezing and now threatening to confiscate the Russian Central Bank's financial assets.
??Instead, China is stockpiling gold, a reserve asset with no counterparty risk. Its gold reserve now stands at 2,235 tons, just a 100-ton shy of Russia’s, according to World Gold Council.