China is slowly getting rid of the US national debt

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China is no longer the largest holder of US government debt. For the first time in many years, following the results of June, Beijing has at its disposal US bonds worth less than $1 trillion - about $970 billion. Thus, China is gradually getting rid of the US government debt.

Japan took the first place in this indicator, holding about 1,23 trillion dollars in US debt securities. The United Kingdom came in third with $634 billion in US government bonds.



World powers are beginning to gradually sell US debt, as holding them does not bring profit. August inflation in the United States reached 8,3 percent for the first time in four decades, making it unprofitable to buy US government debt.

Along with this trigger for the sale of overseas treasuries was the trading and technological war against Beijing.

The fate of the Russian gold and foreign exchange reserves frozen by the West also played a significant role in the decision of the Chinese authorities regarding the American debt. The possible seizure of assets prompted the authorities of the Celestial Empire to take consistent steps to get rid of the US public debt.
  • https://pxhere.com
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6 comments
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  1. zzdimk
    zzdimk
    0
    19 September 2022 12: 44
    I wonder who buys these debts, on which they can only print new debt obligations?
    1. Avedi
      Avedi
      +3
      19 September 2022 13: 06
      they buy from themselves, they are not badly attached
  2. zzdimk
    zzdimk
    0
    19 September 2022 13: 40
    Quote from Avedi
    they buy from themselves, they are not badly attached

    There was such an idea, but then: for the purchase of the old - we print new money, for covering the new - new money. Pyramid? Criminally punishable.
    If he is not a prosecutor.
  3. Bulanov
    Bulanov
    0
    19 September 2022 13: 54
    The Chinese should urgently buy real estate in South America with American money. Worthy use - their fat on their tinsel.
  4. zuuukoo
    zuuukoo
    -1
    19 September 2022 13: 58
    Quote: zzdimk
    I wonder who buys these debts, on which they can only print new debt obligations?

    Well, for example, in a period of market instability, as it is now, the debt obligations of countries in general are considered to be the safest havens for savings.
    In the end, stocks may collapse, the bank may burst, and the state as a whole is a fairly reliable institution.

    Moreover, if the dollar really starts to fall into the abyss, everyone will rush to save it, from the EU to China, the Russian Federation, Iran and North Korea. For all world trade is essentially tied to it. So its collapse is not beneficial to anyone at all.
  5. zzdimk
    zzdimk
    0
    19 September 2022 14: 19
    the state as a whole is a fairly reliable institution

    Let's remember Panama, Libya, Iraq... Yugoslavia?
    Aren't surpluses killing countries? Not always, but it kills. Libya is an example.