China has reduced its US Treasury holdings for the third consecutive month while reportedly accumulating gold reserves far beyond official disclosures. Analysts suggest Beijing is underreporting its gold purchases to avoid market disruptions.
- China reduced its US Treasury holdings by $900 million in May, continuing a three-month sell-off trend.
- Analysts believe China is underreporting its gold purchases, with estimates suggesting reserves exceed 5,000 metric tons—double the official amount.
- Experts argue China limits gold disclosures to avoid driving up prices, as public data may not fully capture the PBOC's activity.
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