Buying U.S. Treasury bonds is an option — but not the only option — for China, which is aware that huge debt issuance by Washington would reduce the value of China’s existing portfolio, a banking regulator said in remarks published on Friday.
Luo Ping, a director-general at the China Banking Regulatory Commission, was clarifying a Financial Times report that quoted him as saying creditor countries had no choice but to invest their surpluses in U.S. Treasuries.
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