China Dumps Record Amount of US Debt Amid Strategic Diversification China sold a record $53.3 billion in US Treasury and agency bonds in Q1 2024, marking a significant shift away from American assets as trade tensions with the US escalate. Analysts interpret this move as a deliberate diversification strategy, with China increasing its gold reserves to 4.9%, the highest since 2015. This trend, coupled with rising geopolitical tensions and potential tariff hikes from both the Biden administration and former President Trump, underscores China’s intent to reduce reliance on the US dollar amidst a volatile economic relationship. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Mortgage Rate Decline Prompts Spike in Refinancing Applications READ MORE IMF's Brighter Global Outlook: U.S. Strength and China's Stimulus Lead the Charge READ MORE Yellen Critiques Market Overreaction to Inflation Data READ MORE Poll Reveals Disconnect Between Americans' Economic Perception and Reality READ MORE Investors Reap Rewards Across Markets as Dow Hits 40,000 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment