China has liquidated $623 billion of US Treasury bonds, reducing holdings to $694 billion—the lowest level since 2008. This strategic retreat from dollar-denominated assets coincides with a 17-month gold accumulation spree, now totaling $343 billion in reserves.
The dual maneuver signals a deliberate pivot toward tangible assets and reduced reliance on the dollar-dominated financial system. Markets are interpreting the move as a broader BRICS-led challenge to dollar hegemony, with potential ripple effects across currency and commodity markets.
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