The Chinese have sold a record amount of US Treasuries. Again. Most mainstream explanations point to political motives including many asserting an intentional act to move away from the dollar. The actual reason is indeed monetary but not at all in that way. The important immediate implications tell us a lot about the conditions for the globally synchronized economy.
Eurodollar University's Money & Macro Analysis
Bloomberg China Sells Record Sum of US Debt Amid Signs of Diversification
https://www.bloomberg.com/news/articles/2024-05-16/china-sells-record-sum-of-us-debt-amid-signs-of-diversification
CNN China has teased how it might fix its property crisis. Markets are loving it
https://www.cnn.com/2024/05/16/business/china-property-crisis-unsold-homes-hnk-intl/index.html
China NBS Basic situation of the national real estate market from January to April 2024
https://www.stats.gov.cn/sj/zxfb/202405/t20240517_1955760.html
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What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.