China's ownership of US assets is declining:
China’s combined holdings of Treasuries, stocks, and agency, corporate, and other bonds are down to $1.56 trillion, near the lowest in 14 years.
This includes Belgium-held Treasuries, widely believed to represent Chinese custodial accounts.
Excluding Belgium, total holdings are down to $1.16 trillion, the lowest since 2008.
China's official Treasury holdings fell -$6.1 billion in November, to $682.6 billion, the lowest since October 2008.
Now, China is urging banks to begin selling US Treasuries.
Is China diversifying away from the US?$BNB
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