China Sells Off Stock of US Treasury Securities to Protect Yuan

China recently lost its position as the biggest holder of U.S. Treasury securities to Japan. Chinese authorities sacrificed the coveted position, which has significant financial and diplomatic value, because they are engaged in the bigger battle of protecting the value of the yuan from falling rapidly. The battle will intensify in 2017 because the yuan is expected to come under severe pressure during the Donald Trump presidency, analysts say. The country's holdings of U.S. Treasury...

© La Voix de l'Amérique - vendredi 30 décembre 2016