South China Morning Post/Frank Tang/7-20-2022
“A desire by Beijing to avoid ‘the risk of possible conflict’ with Washington could have contributed to China cutting its holding of US government debt to below US$1 trillion for the first time in over 12 years, analysts said.”
USAGOLD note: Reports in western publications did not put China’s reduced holdings of U.S. Treasuries in this context, so we were a bit surprised when we came across this SCMP article. We pass it along as a matter of interest noting that Tang’s byline includes Bejing as the point of origin. The article quotes Tan Yaling, head of the Beijing-based China Forex Investment Research Institute, as saying that China “could shift its attention to gold” as a result.
