The People's Bank of China offloaded holdings of U.S. Treasurys to diversify reserves, reflecting Beijing's push to cut dollar dependence.
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What happened
The People's Bank of China offloaded holdings of U.S. Treasurys to diversify reserves, reflecting Beijing's push to cut dollar dependence.
Who's involved
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The entities involved
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People's Bank of China
central bank of the People's Republic of China
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U.S. Treasury
mine in Sierra County, New Mexico, United States of America
Related events
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