GOLDILOCKS
"China has diversified its holdings by selling $53.3 billion worth of US Treasuries and agency bonds. This adjustment aligns with BRICS nations gradually broadening their investment portfolios since 2022."
China is moving away from buying US Treasuries to Global opportunities that will expand the Chinese Yuan and the BRICS Nations coalition.
This is all part of leveling the playing field from a World Reserve Currency to payments transacted in local currencies.
This shift will increase the demand for their own currency and make available higher exchange rates with China and whoever they trade with going forward.
© Goldilocks
https://www.msn.com/en-us/money/other/china-s-new-investment-play-shifting-away-from-us-treasuries-to-global-opportunities/ss-BB1nOjHM