China Says Report on U.S. Treasuries May Cite ‘Wrong Source’
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China’s State Administration of Foreign Exchange said that a news report saying officials reviewing the country’s foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries might have quoted a “wrong source.”
“We think the report might have cited wrong sources or may be fake news," SAFE said in a statement posted on the administration’s website, an apparent reference to a Bloomberg News story published on Wednesday. Bloomberg cited people familiar with the discussions on China’s reserves, and reported that it wasn’t clear whether the recommendations of the officials had been adopted.