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.
