💥CHINA IS QUIETLY PULLING BACK FROM U.S. TREASURIES
China just told its big banks to limit and cut their holdings o U.S. Treasuries.
It now only holds $683B in U.S. govt bonds, its LOWEST in years, down from $1.3T in 2013.
For years, Chinese banks piled into Treasuries as “safe” assets.
Now, regulators say "US debt may expose banks to sharp swings."
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