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 Gold's Long-Term Strength Predicted to Persist READ MORE Year of the Dragon Sparks Optimism for S&P 500's Flight to New Heights READ MORE CBO Predicts Decade of Soaring U.S. Deficits READ MORE As Borrowing Costs Soar, Equity Becomes the New Frontier for Corporate Finance READ MORE Dollar's Dominance Under Scrutiny: Morgan Stanley's Perspective READ MORE Add a Comment Cancel replyYour email address will not be published.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