China Dumps $491 Billion in US Debt Over Past Decade, Ratings Outlook Downgrade Adds Pressure
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China has dumped over $491 billion in US Treasuries over the past decade, with holdings now at a 14-year low.
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China accumulated Treasuries until peaking at $1.297 trillion in May 2013, before steadily divesting since then.
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The divestment comes as Moody's lowered its US credit rating outlook from stable to negative.
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Moody's cites weakening financial position and political infighting as reasons for the downgrade.
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A downgrade outlook signals increased odds of an actual rating downgrade by Moody's in the future.