May 21, 06:40 AM

China Divests $53.3 Billion in US Securities Amid De-Dollarization Efforts, Deepening Ties with Russia

China is rapidly divesting US assets, including selling a record $53.3 billion in US securities, as part of its de-dollarization efforts. Concerns arise from unsustainable debt, economic sanctions, and ties with Russia.

#China #US #Russia

Written with ChatGPT (GPT-3).

Sources

Markets Insider@MktsInsider
2 years ago
China ramps up de-dollarization efforts by dumping a record amount of US bonds https://t.co/oRDXe3kvEn
Reuters@Reuters
2 years ago
China's US bond shifts put dollar under geopolitical spotlight https://t.co/gTjrcIe5H3 https://t.co/VrL1ThS1ou
UnHerd@unherd
2 years ago
China has been offloading US Treasury debt at a record pace. It is yet another sign of deepening ties with Russia, warns @philippilk 👇 https://t.co/FPR4Xew52y

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China Divests $53.3 Billion in US Securities Amid De-Dollarization Efforts, Deepening Ties with Russia

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