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Official data show China is dumping more U.S. Treasury debt. But it may actually be a stealth buyer, with a big stash suspiciously piling up in Canada
China was once the top holder of U.S. Treasuries but has been shedding its massive stockpile for years, fueling fears of de-dollarization, but official data may not fully capture Beijing’s actual portfolio.
Summary
China was once the top holder of U.S. Treasuries but has been shedding its massive stockpile for years, fueling fears of de-dollarization, but official data may not fully capture Beijing’s actual portfolio. The decline began in earnest around 2021, but as recently as April 2022, China still held $1 trillion in Treasury securities. U.S.
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