An employee uses a machine to count US$100 dollar banknotes at the Hang Seng Bank in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg

China’s stockpile of US notes, bills and bonds shrinks to a two-year low as trade war rages on

  • China’s stockpile of US notes, bills and bonds declined by US$7.5 billion in April to US$1.11 trillion, according to Treasury Department data
  • Still, some of China’s purchases are routed through locations such as Belgium. Belgian holdings have risen over the past year
Topic |   Currencies

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An employee uses a machine to count US$100 dollar banknotes at the Hang Seng Bank in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg
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