ONGOING REDUCTIONS! China’s Holdings Of U.S. Debt Have Fallen To The Order Of $700B!｜AsianQuickTake

In the international financial markets, a significant and subtle shift is unfolding. The U.S. Treasury’s latest Treasury International Capital (TIC) report, dated November 16th, Eastern Time, unveils a striking trend: In September, central banks from a host of countries, including China, collectively slashed their U.S. Treasury holdings by an astounding $101.6 billion. This reduction brought the overall U.S. debt to $ trillion, marking its lowest point since May. Particularly eye-catching is China’s strategic divestment from U.S. debt and its aggressive investment in gold, actions that appear to be reshaping the global wealth and power dynamic. The report further reveals that at least nine major countries, spanning Asia, Europe, and the Americas – specifically China, Japan, the UK, Canada, Switzerland, India, Brazil, Norway, and South Korea – have been reducing their U.S. Treasury holdings. Following Fitch’s August downgrade of the U.S. sovereign credit rating, four key U.S. allies – Japan, the UK, Canada, and South Korea – significantly cut back on their U.S. debt in September. Japan, as the largest U.S. debt holder, shed $28.5 billion in U.S. Treasuries, the highest monthly reduction since October of the previous year. The UK, the third-largest holder, parted with $29.2 billion in U.S. debt during September, emerging as the month’s top international seller. Canada and South Korea also lessened their holdings, by $14.6 billion and $4.9 billion respectively. A noteworthy mention is Switzerland, a major player in offshore finance and gold refining and transit, which sold off $3.4 billion in U.S. Treasuries in September, capping a three-month total of $25.7 billion. This is indicative of a significant shift in global foreign exchange reserve strategies. 💯TOP 3 Video China Shocks Yellen With Massive Selling of U.S. Bonds and Buying of Gold ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ Swiss Sells $36.4 billion U.S. Treasuries ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.