Why is China reducing U.S. Treasury holdings? China’s U.S. Treasury holdings have fallen to $683B, the lowest since 2008. Beijing is gradually cutting exposure to U.S. assets amid trade, tech, and Taiwan tensions. A key trigger was the 2022 freeze of Russia’s reserves, raising concerns about asset security. However, an aggressive selloff could weaken the dollar and hurt China’s exports—so diversification is happening slowly and cautiously. #ChinaEconomy# #USDollar# #MacroGlobalMarkets# #ICMarketsGlobal#