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Thursday, May 30, 2024

The much-speculated Chinese campaign to undermine the dollar by dumping Treasuries is a myth, expert says

China’s holdings of US government bonds recently hit a 14-year low. The No. 2 foreign owner of Treasurys has been steadily trimming its portfolio for years. Simultaneously, the Asian nation has also been at the forefront of an international movement — known as de-dollarization — to reduce reliance …

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