China cuts US Treasury holdings to 18-year low

China trimmed its holdings of US Treasuries to an 18-year low in April, continuing a long-term trend of reducing exposure to US debt. The reduction reflects ongoing geopolitical tensions and China's diversification of its foreign exchange reserves. The move comes amid heightened trade frictions and a broader strategic shift by Beijing to reduce reliance on the US dollar. Analysts note this could put downward pressure on US bond prices and signal China's intent to de-risk its portfolio.