Source: China – South China Morning PostCalls for China to gradually reduce its exposure to US dollar assets are growing louder as Washington’s national debt continues to set records, reigniting persistent worries over the long-term sustainability of an investment formerly considered rock solid.
“Although US Treasuries have not yet reached the default threshold, their expansion is unsustainable,” researchers from the Bank of China wrote in the latest issue of China Money, a publication supervised by the People’s Bank of China, the…Read More