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China's U.S. Treasury Holdings Drop to 2008 Low
Data indicates that China's holdings of U.S. Treasury bonds decreased to $618 billion by the end of July, reaching their lowest level since August 2008. They previously peaked at over $1.3 trillion in November 2013, before gradually declining due to Beijing's move to diversify its asset reserves, focusing on gold and U.S. agency bonds. This decline reflects economic tensions between China and the United States, with the latter facing a budget deficit and high inflation rates, while China attempts to address slow growth and deflationary pressures despite its record trade surplus. The shift in China's reserve management is viewed as part of a diversification strategy toward safer assets, including U.S. government-backed securities.
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