I believe China has less money to buy Treasury's because they need to use the dollars. The One Belt One Road contractors that are not Chinese want dollars. htt

I believe China has less money to buy Treasury's because they need to use the dollars. The One Belt One Road contractors that are not Chinese want dollars. https://www.economist.com/business/2017/08/03/western-firms-are-coining-it-along-chinas-one-belt-one-road https://www.economist.com/business/2017/08/03/western-firms-... They are using dollars to pay down dollar denominated debt. https://www.axios.com/china-business-debt-trade-war-yuan-dollar-f3bc86f0-e2c1-4146-8159-fdab640f9365.html https://www.axios.com/china-business-debt-trade-war-yuan-dol... China’s Banks Are Running Out of Dollars https://www.wsj.com/articles/chinas-banks-are-running-out-of-dollars-11556012442 https://www.wsj.com/articles/chinas-banks-are-running-out-of... But to contradict myself China has been buying a lot of gold https://markets.businessinsider.com/commodities/news/china-bought-more-gold-to-prepare-for-the-trade-war-2019-8-1028427737 https://markets.businessinsider.com/commodities/news/china-b.... But if they are buying it from Russia then they are probably partly paying in Yuan.