It’s Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington
by Tyler Durden
ZeroHedge.com
08/27/2015
As Bloomberg reports, “China has cut its holdings of U.S. Treasuries this month to raise dollars needed to support the yuan in the wake of a shock devaluation two weeks ago, according to people familiar with the matter. Channels for such transactions include China selling directly, as well as through agents in Belgium and Switzerland, said one of the people, who declined to be identified as the information isn’t public. China has communicated with U.S. authorities about the sales.”
The Rest…HERE
