China withdraws money from US public debt

For the seventh consecutive month, China withdraws money from US Treasury bonds and has already reduced investment in US public debt to a minimum over the past 12.5 years. Experts associate the observed dynamics with a record increase in interest rates in the United States, as well as Beijing's desire to secure its own funds. After the West decided to block almost half of Russia's foreign exchange reserves, the PRC leadership thought about alternative, more reliable ways to save their assets. According to analysts, other countries may follow the example of the Asian republic, which will undermine global confidence in the dollar. At the same time, the US Treasury has already spoken about the increased threat.