- cross-posted to:
- worldnews
- worldnews@lemmy.ml
- cross-posted to:
- worldnews
- worldnews@lemmy.ml
China sold a record $53.3 billion of US Treasury and agency bonds in the first quarter of 2024, likely due to escalating trade tensions and a desire to diversify its assets. This move is raising concerns as China is a major holder of US debt and its actions could impact the US economy. Additionally, China has been increasing its gold reserves, potentially as a way to mitigate sanctions risk.
they are not a single block so there’s probably plenty of rancor and derision of these decisions - but with the Republican state houses repealing labor protections to the point where child labor is allowed, there’s a portion of them that will benefit from the cheapening of American labor.