China just dumped its largest amount of US Treasuries…. EVER

This is how wars start between global powers.

China has bought a lot of US debt in order to keep the US afloat and buying Chinese goods. Now that the US is past the point of no return and also implementing tariffs, the Chinese have given up that strategy and just want out of dollar denominated assets while the price of gold is still relatively low.

h/t lategreat808