Source: China – South China Morning PostAs China continues to cut its US Treasury holdings – reaching a near 17-year low in July as concerns over assets backed by the US dollar mount – analysts said the country’s central bank could be pivoting to European assets and perennial safe haven gold as more reliable investments.
Beijing’s stockpile dropped to US$730.7 billion in July, down US$25.7 billion from June, according to data released by the US Treasury Department on Thursday.
July’s figure was the lowest reported since January 2009,…Read More