The volume of China’s investments in US government bonds fell to $848.8 billion in February this year, to a low of 12.5 years, in line with the Chinese authorities’ strategy, down $10.6 billion last winter. sold US government bonds in recent months, informs The newspaper Izvestia quotes statistics from the US Department of the Treasury (MoF).
“In February, China’s investment portfolio in US government debt fell another $10.6 billion to $848.8 billion. Beijing’s investment in US government debt fell to a 12.5-year low. China has been withdrawing money from these securities for the seventh month in a row,” the material says.
At the same time, until 2018, China was the country with the largest US securities in the world. At the time, Beijing held more than $1.1 trillion in US government bonds. However, the article notes that in the last four years, the situation has changed significantly against the backdrop of a tougher economic and sanctions conflict between the two countries.
“Beijing crossed the psychological limit of one trillion in July last year – then investments were reduced to $980. Now it’s minus $130 billion every seven months. The trigger for reducing investment in treasuries was Washington’s trade war, and then the technological war,” the note said. taking.
April 17 Chief Investors Kyle Szostak, Director of the American investment company Navigator declarationThat the US debt burden is approaching a prohibitive level. Against this background, the situation with rising public debt could lead to a depreciation of the dollar and reduce the government’s ability to invest in innovative development.