Chinese Sell Off Second-Largest Amount of US Treasurys Ever in December: Belgium Comes to the Rescue
In December of 2013, the Chinese government offloaded $48 billion in paper bringing its total to $1268.9 billion, the second largest dump in China Treasury Holdings (with the sole exception of December 2011). During this time Chinese FX reserves spiked to all time highs when China had a large amount of cash not invested in US paper. The signals China is sending to the world speaks volumes on the