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

Gold imports up 60% as Beijing diversifies reserves

20230216N dollar yuan

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

YUTA SAITO and IORI KAWATE, Nikkei staff writers

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.

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