Attention Economy


Monday, April 29, 2024

Chinese Concerns Over U.S. Treasury Holdings

China should bail on US bonds even faster, scholar says, as bilateral tensions and anxieties mount
 
China’s US Treasury Holdings Becoming ‘Hostages,’ Academic Warns
https://www.bloomberg.com/news/articles/2024-04-29/china-s-us-assets-becoming-hostages-divestment-advocate-says
China needs to further reduce its Treasuries holdings, in part to lessen the potential leverage of Washington over its Asian rival, according to a paper published by a Chinese state think tank.
The vast American assets that China’s authorities hold are “increasingly becoming hostages — hindering us from safeguarding our national sovereignty,” Di Dongsheng, vice-dean of Renmin University’s School of International Studies, wrote in a piece published by a China Institutes of Contemporary International Relations journal. 
 
China’s $170bn gold rush triggers Taiwan invasion fears
Beijing on record 17-month buying spree in what experts say is a move to guard against sanctions.

China Is Buying Gold Like There’s No Tomorrow
https://www.nytimes.com/2024/05/05/business/china-gold-price.html
The global price of gold has reached its highest levels as Chinese investors and consumers, wary of real estate and stocks, buy the metal at a record pace.