China’s foreign exchange regulator on Thursday challenged a report it might slow or stop purchases of U. S. Treasury debt due to trade tensions with Washington as « fake news. »
BEIJING — China’s foreign exchange regulator on Thursday challenged a report it might slow or stop purchases of U. S. Treasury debt due to trade tensions with Washington as « fake news. »
The State Administration of Foreign Exchange, one of the biggest holders of Treasuries, said it is a « responsible investor » for both the reserves and « participating markets. »
Bloomberg, citing unidentified sources, reported Chinese authorities were considering slowing or halting purchases of Treasuries and said they might cite trade tensions as a reason. That prompted a sell-off of U. S. government debt in global markets.
« The news may quote the wrong information source, or it may be fake news, » SAFE said on its website.
