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 US Wholesale Inflation Hits Annual High, Signaling More Price Hikes Ahead READ MORE ZeroHedge: Gold/Silver: Four Fed Speakers today, Key Levels to Watch READ MORE US Consumers Feel the Pinch as Inflation Concerns Linger READ MORE Oil Prices Tread Water as Market Anticipates US Inflation Insights READ MORE Gold's Bright Future: Three Reasons It May Shine in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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