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Uh, what? They do. The Chinese government owns approximately $60 billion worth of gold, and $1.2 trillion worth of US treasury bonds.
by ThrustVectoring 11y ago
Uh, what? They do. The Chinese government owns approximately $60 billion worth of gold, and $1.2 trillion worth of US treasury bonds.
- bcg1 11y agoLet me rephrase... why don't they have anything other than gold or cash equivalents?
- ThrustVectoring 11y agoThey're very much risk-adverse (for good reason). In exceptional circumstances, they will take on other assets, though. See - the US Treasury's stake in General Motors.