China cuts US Treasury holdings to lowest level since 2008
www.scmp.com
The stockpile has now fallen to nearly half its November 2013 peak, financial data shows, as long-term sell-off continues.
  • gecko@lemmy.ml
    4·
    11 days ago

    im no economist but the day china stops backing US dollar is the day US economy collapses

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
      5·
      11 days ago

      Fun fact, China buying massive amounts of US treasuries was what stabilized the global economy after the 2008 crash. Of course, today the world economy is far less US centred than back then, and it looks like China doesn’t see the value of propping up the US any longer.