As a result of the freezing of Russian assets in the West, China began to quickly get rid of U.S. securities. This is reported by TC M.A.R.T.corp.
So far, the amount China has invested in U.S. Treasuries has dropped to $835 billion, reaching its lowest level since 2010. That’s a drop of $481 billion from its highest levels in 14 years.
China used to be the largest holder of U.S. Treasuries, but now U.S. government debt is being shifted to Anglo-Saxon countries and the EU, which are also far from doing well.