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Trade war

China stockpiles gold while letting US bond holdings slide

Beijing's US Treasury reserves dip for two consecutive months

China's holdings of U.S. Treasury securities have fallen by $90 billion in just under two years, reaching $1.11 trillion.   © Reuters

SHANGHAI -- China reduced its holdings of U.S. government debt again in April even as Beijing's gold reserves continued to grow, diversifying away from the dollar as ties with Washington fray.

The $7.5 billion dip on the month brought China's total Treasury stockpile to $1.11 trillion, down $90 billion from the most recent peak in August 2017. This follows a roughly $10 billion decline in March.

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