Global Times reporter tweets ‘possibility of dumping U.S. Treasuries’
USAGOLD note: China’s Global Times focuses on issues from the Chinese government’s perspective. One would have to assume that Hu Xijin’s tweet was approved, particularly since it was not removed from Twitter even though it has received substantial attention in the West because of the source. China has not been a net buyer of U.S. Treasuries for quite some time. It systematically disposed of U.S. Treasuries from 2014 to early 2017. Since early 2017, however, its exchange reserves have remained at roughly $3 trillion, most of which are U.S. Treasuries.