The Economic Times

Chinas share of US Treasuries falls to 7.3%, lowest since 2001 after massive selloff

China is slowly cutting its US debt holdings and buying more gold instead. Its share of US Treasuries has dropped to the lowest level in many years. Experts say China wants less financial dependence on the United States and more safety for its reserves. However, selling too fast could also hurt Chinas economy and affect global markets and the US dollar.