Oct 20, 2011

China cuts its US debt holding by $36.5 billion – the biggest sell off since 2000
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Written by : Tom George| 0 | Business

Via Scoop.itCountdown to Financial Armageddon

China divested $36.5 billion or 3.1 per cent of its holding in the US treasuries in August, its biggest sell-off of dollar assets since 2000. The move came as a surprise as China had bought over bonds worth $8 billion weeks before that. Downgrade of US credit ratings by Standards & Poor’s, in early August, had created a major crisis of confidence over US treasuries all over the world.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

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