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China is widely abandoning US bonds and moving towards gold.What is happening? Beijing is selling massive amounts of its US Treasury bonds - and the effects could be felt around the world. Why is this important: China is one of the largest foreign holders of US debt. Its sudden sale of bonds is part of a strategy aimed at: * Reducing dependence on the dollar

China is widely abandoning US bonds and moving towards gold.

What is happening?
Beijing is selling massive amounts of its US Treasury bonds - and the effects could be felt around the world.
Why is this important:
China is one of the largest foreign holders of US debt. Its sudden sale of bonds is part of a strategy aimed at:
* Reducing dependence on the dollar
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