China is dumping US treasuries and buying Gold.
China’s U.S. treasury holdings:
March 2021: $1.1 trillion
March 2022: $1.0t
March 2023: $869 billion
March 2024: $767b
China’s gold reserves:
March 2021: 1,948 tonnes
March 2022: 1,948t
March 2023: 2,113t
March 2024: 2,262t
