China Warns Banks to Rein in Holdings of US Treasuries

Why do you think that China has issued this directive to banks to trim their exposure to Treasuries. Now. Morning, Lizzie.It's part of an ongoing saga of what China has been trying to maneuver with. China wants to steer away from its dominance on the US, whether it's an investment or whether it's an industry. And what we are seeing is the former one, obviously.And it's an interesting story. It's a big ship turning around, but it's going to take it will take place over time and the moves will be gradual. If ...