China’s U.S. Treasury holdings hit 12-year low on rate hikes, tensions

NikkeiAsia/Yuto Saito and Iori Karate/2-17-2023

photgraph of rolled dollar and yuan on a newspaper background“China’s U.S. government bond holdings hit the lowest in over 12 years at the end of December, while its gold trove grew against a backdrop of American interest rate hikes and bilateral tensions. Chinese holdings of Treasury securities fell for the fifth straight month in December to $867 billion, data published Wednesday by the U.S. Treasury Department shows.”

USAGOLD note: China’s liquidation of US Treasuries has been steady and aggressive. Its Treasuries holdings declined 17% in 2022. Japan Treasuries stockpile also declined 17% in 2022

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