China dumps more US debt, buys other assets as Trump targets Powell
AI Summary
In November, China reduced its holdings of US Treasury bonds to $682.6 billion, the lowest level since September 2008. This decrease contrasts with a global trend of increasing foreign ownership of US debt. Analysts suggest China's move is driven by concerns about the sustainability of US debt and the potential politicization of the Federal Reserve under the Trump administration. The reduction in US Treasury holdings also reflects a nearly 10% drop since January of the previous year. Experts anticipate that China will continue to decrease its exposure to US debt due to these concerns. China's actions signal a shift away from accumulating US debt amid growing economic and political uncertainties.
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