Breaking News: The proportion of Chinese Treasury bonds held relative to total foreign-held bonds has dropped to 7.3%, the lowest level since 2001.
This ratio has decreased by 21.5 percentage points from the peak of 28.8% in June 2011. During this period, holdings of Chinese Treasury bonds have decreased by $627 billion, down to $683 billion, the lowest since 2008. China has now eliminated half of the Treasury bonds accumulated from 2000 to 2010. Meanwhile, the People's Bank of China purchased 1 ton of gold in January, marking the 15th consecutive month of gold purchases. As a result, China's total gold holdings have reached a record 2,308 tons. China is shifting from Treasury bonds to gold.
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Breaking News: The proportion of Chinese Treasury bonds held relative to total foreign-held bonds has dropped to 7.3%, the lowest level since 2001.
This ratio has decreased by 21.5 percentage points from the peak of 28.8% in June 2011.
During this period, holdings of Chinese Treasury bonds have decreased by $627 billion, down to $683 billion, the lowest since 2008.
China has now eliminated half of the Treasury bonds accumulated from 2000 to 2010.
Meanwhile, the People's Bank of China purchased 1 ton of gold in January, marking the 15th consecutive month of gold purchases.
As a result, China's total gold holdings have reached a record 2,308 tons.
China is shifting from Treasury bonds to gold.