China is bringing down the UST holdings, but at a much slower pace than reported by many pundits and news outlets.

THE TRUTH ABOUT THE CHINESE SELLING OF US TREASURIES

Out of the reported 22-23% drawdown in the Chinese holdings of US Treasuries over the past 2 years, around 15-16%-point is driven by mark to market effects.

Don't listen to people trying to claim otherwise.

Yes, China is… pic.twitter.com/kj2kFjz5eW

— Andreas Steno Larsen (@AndreasSteno) October 23, 2023

China sells the most US assets in 4 years, dumping $21 billion of US stock and Treasury bonds, per BI.

— unusual_whales (@unusual_whales) October 23, 2023