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China's U.S. Treasury holdings hit 12-year low on rate hikes, tensions

Gold imports up 60% as Beijing diversifies reserves

Chinese holdings of U.S. Treasury securities are expected to continue falling in 2023.   © Reuters

NEW YORK/BEIJING -- China's U.S. government bond holdings hit the lowest in over 12 years at the end of December, while its gold trove grew against a backdrop of American interest rate hikes and bilateral tensions.

Chinese holdings of Treasury securities fell for the fifth straight month in December to $867 billion, data published Wednesday by the U.S. Treasury Department shows.

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