Kathmandu. The United States and China are the world’s two largest economies. The trade war between the two countries has been going on for many years.
Meanwhile, China has been quietly reducing its investments in the US property market. China’s investment in US Treasuries, stocks, agencies, corporates and other bonds has now fallen to $1.56 trillion. That’s the lowest in nearly 14 years. This includes Belgium’s holdings in the U.S. Treasury. It is believed to represent China’s custodial accounts.
China’s holdings in the US asset market, excluding Belgian Treasuries, are $1.16 trillion. This is the lowest since 2008. China’s holdings in the US Treasury fell by $6.1 billion to $682.6 billion in November. This is the lowest since October 2008.
China has also asked its banks to sell their holdings in the US Treasury. After the Russia-Ukraine war, China has been reducing its investment in the United States.
According to media reports, China is secretly increasing its gold reserves. Last year, 27 tonnes of gold was officially purchased, but experts believe the total is around 270 tonnes. China is hoarding gold as if a major disaster is approaching.
Officially, China has 2,304 tonnes of gold reserves. However, experts believe that China has a lot to offer. Experts say China will need to store more than 8,000 tonnes of gold if it wants to become the world’s largest economy in the next few decades. ’
Currently, the United States, the world’s largest economy, has the most gold at 8,133 tons. That’s 78 percent of its total reserves. U.S. gold reserves have remained unchanged for the past 25 years.
Europe’s largest economy has 3,350 tonnes of gold, followed by Italy with 2,452 tonnes, France with 2,437 tonnes and Russia with 2,330 tonnes. –Agency
