RT
By Bradley Blankenship
February 15, 2022
Holdings of Chinese government bonds rose in January, according to a February 12 report by Reuters citing official data, despite the fact that yield premiums have substantially narrowed between US and Chinese government debt.
These statistics come in the wake of a grim US January inflation report, showing that investors are turning to China to insulate themselves against inflation and ensuing rate hikes. Is this just an anomaly or part of a growing trend that could see China overtake the US as the global financial center?