{"id":2003621,"date":"2023-08-17T12:33:02","date_gmt":"2023-08-17T16:33:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-saudi-arabia-cut-us-debt-holdings-in-anti-dollar-push-treasury-data\/"},"modified":"2023-08-17T12:35:23","modified_gmt":"2023-08-17T16:35:23","slug":"china-saudi-arabia-cut-us-debt-holdings-in-anti-dollar-push-treasury-data","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-saudi-arabia-cut-us-debt-holdings-in-anti-dollar-push-treasury-data\/","title":{"rendered":"China and Saudi Arabia reduce US debt holdings in anti-dollar move: Treasury data."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchina-saudi-arabia-cut-us-debt-holdings-in-anti-dollar-push-treasury-data%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2003621&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>China and Saudi Arabia Reduce Holdings of U.S. Government Debt<\/h2>\n<p>In June, China and Saudi Arabia\u200b made significant cuts \u200bto their holdings of U.S. government debt, according to the\u200b latest Treasury Department data. Beijing sold over $11 billion in Treasury securities, bringing its total holdings down to $835.4 billion,\u2064 the lowest level since 2009. Riyadh also\u2063 reduced its U.S.\u200d debt holdings by over $3 billion \u200bto $108.1 billion, a decrease of nearly 9 percent from the previous\u200d year.<\/p>\n<h3>Global Impact<\/h3>\n<p>Other countries \u2064that decreased their Treasury holdings include India, Brazil, and\u200b the\u2064 United Arab Emirates. \u2062However, Japan increased its\u2064 U.S. debt holdings by\u2062 nearly $10 billion. Despite these \u2063changes, foreign holdings\u200d of U.S. government debt rose to\u2063 $7.563 trillion in \u200dJune, indicating continued strong demand.<\/p>\n<h3>Potential Consequences<\/h3>\n<p>If more nations follow suit \u2063and reduce their Treasury\u200b security holdings, it could lead\u200b to lower demand for U.S. debt and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-as-congress-for-billions-to-help-other-countries-debt-relief-climate-change-initiatives\/\" title=\"Janet Yellen As Congress For Billions To Help Other Countries\u2019 \u2018Debt Relief,\u2019 \u2018Climate Change\u2019 Initiatives\">higher interest rates<\/a>. This would \u200dmake it \u200dmore expensive for the federal government to \u200dborrow money\u200c and \u200ccould weaken the value of \u2064the dollar.<\/p>\n<h2>Geopolitical Shifts \u2064and Asset Allocation<\/h2>\n<p>Economists suggest several reasons for the reduction in\u2064 Treasury holdings by China, Saudi Arabia, and other countries. The Federal Reserve&#8217;s tightening cycle has led to higher interest rates, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-saudi-arabia-cut-us-debt-holdings-in-anti-dollar-push-treasury-data\/\" title=\"China and Saudi Arabia reduce US debt holdings in anti-dollar move: Treasury data.\">potentially lowering bond prices<\/a>. Additionally, the\u200b strengthening U.S. dollar has\u200c negatively \u2062affected other currencies, particularly for countries that rely on imports.<\/p>\n<p>Furthermore, countries may\u2063 be diversifying their\u200d assets due to fiscal challenges faced\u2062 by the U.S. government and engaging in de-dollarization campaigns. The International Monetary Fund&#8217;s data shows that more governments are adding currencies such as the Chinese yuan, Japanese yen, Australian dollars,\u200c Canadian dollars,\u200d and Swiss francs \u2064to their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-sanctions-pushed-iran-to-brink-of-bankruptcy\/\" title=\"US Sanctions Pushed Iran to Brink of Bankruptcy\">foreign exchange reserves<\/a>. Central banks\u2063 have also been \u2062increasing\u200d their gold\u2062 reserves.<\/p>\n<p>Saudi Arabia&#8217;s reduced Treasury holdings \u2064reflect its pivot away from the United States and towards Asia. The country\u2062 has been strengthening its economic and energy cooperation with China,\u200c which some experts believe threatens American interests. This shift has encouraged \u200bother major markets to \u200djoin the anti-dollar movement and enhance regional trade.<\/p>\n<p>While the impact of \u2063these\u200d changes may not be\u2064 immediate, they could\u200d have <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/budweiser-maker-promises-free-beer-if-70-of-u-s-adults-vaccinated-by-july-4\/\" title=\"Budweiser Maker Promises Free Beer If 70% Of U.S. Adults Vaccinated By July 4\">long-term implications<\/a> for the\u200b global \u2063financial \u2062landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China and Saudi Arabia reduced their U.S. government debt holdings in June, per Treasury Department data. China sold over $11 billion in Treasury securities, bringing its total to $835.4 billion, down 1.3% from the previous month and 11% from the previous year. This is the lowest amount since mid-2009. Riyadh also decreased its U.S. debt holdings.<\/p>\n","protected":false},"author":278,"featured_media":2003622,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2003621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2003621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/278"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2003621"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2003621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2003622"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2003621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2003621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2003621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}