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An image depicting a dramatic financial landscape, with symbolic representations of the US dollar and US treasuries being sold off, contrasted with gold bars being accumulated by China and other BRICS nations. The backdrop should illustrate a global economic shift, highlighting the tension between the US and BRICS.

China Dumps US Bonds Worth $53.3B

The sell-off is the largest ever in the Asian country's history

China has dumped US treasuries and agency debt bonds worth $53.3 billion in the first quarter of 2024. This marks the largest sell-off initiated by China ever recorded. The move comes as the US dollar fell to its one-month low at 104.20.

May 19, 2024 08:22 AM

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