Coinnounce
2020-09-04 12:58:45

China sold over $109 billion worth of US bonds in the first half of 2020 as the digital yuan launch nears – a report by Sahil Kohli.

China is likely to reduce its holdings of US Treasury bonds to just under $800 billion from the current level of more than $1 trillion, according to the local news outlet Global Times. The main reason for the reduced exposure is the record amounts of the US dollars being printed by the country’s Federal Reserve, […]

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