China dumps USD 22.7 bn in US treasury bills amid deepening strategic rivalry with Washington
Admin
Apr 19, 2024 12:34
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China has offloaded USD 22.7 billion US treasury bills recently over concerns over security and a further delay to expected interest rate cuts by the American Federal Reserve, amidst its intensified strategic rivalry with Washington.
The world’s second-largest economy offloaded USD 22.7 billion of the bills in February, with its total holdings adding up to USD 775 billion as of the end of that month, the Hong Kong-based South China Morning Post quoted figures released by the US Treasury Department on Wednesday.
