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China’s share of US Treasuries falls to 7.3%, lowest since 2001 after massive selloff

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Synopsis China is slowly cutting its US debt holdings and buying more gold instead. Its share of US Treasuries has dropped to the lowest level in many years. Experts say China wants less financial dependence on the United States and more safety for its reserves. However, selling too fast could also hurt China’s economy and affect global markets and the US dollar. China is slowly reducing how much US government debt it owns, and this trend has been happening for many years. A data post on X by The Kobeissi Letter, said China’s share of all foreign US Treasury holdings…

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