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Gordon G. Chang @GordonGChang - China had to sell Treasuries to support the renminbi.
Quote
Richard Miriti @miriti55453
CHINA TRIED THE “SELL AMERICA” GAMBIT — AND IT BACKFIRED
For years, Beijing dumped U.S. Treasuries to rattle Washington.
They sold $640 BILLION since the trade wars began — the biggest liquidation in modern history.
But here’s the truth:
China failed.
America absorbed it.
Japan replaced them.
Russia showed the danger of playing this game.
CHINA’S MOVE
• Nine straight months of selling into 2025
• $5.39B offloaded in ONE month
• Hoped to spike U.S. borrowing costs
• Feared the U.S. could freeze assets like it did to Russia