China plans to dump part of its US Treasury holdings and move into Bitcoin and gold, according to BlackRock.
The source is not reliable! Unless the Chinese government makes an announcement or at the very least someone from China says something, this is an unreliable statement by a US based investment company!These guys are basically making a guess and the media is creating a clickbait out of it, hence your title as well
I doubt China is about to dump US treasury bonds this quickly. It is a tool they have in their hands to really shock the US economy and dump it suddenly. They are unlikely to spend that card at this stage when all that has happened was Trump threatening them a little.
Besides they've already retaliated and we are seeing its consequences in US economy already...
You are right, I have searched for this. Still, I can not get any concrete information from the Chinese website or any reliable sources we can hold onto to be genuine but however, but we all know the Chinese government is very strategic when it comes to trade deals with the US government. I doubt they would be quick to sell off their treasury bond with the US, as it would be too early for them to do so, looking at the fact that they are having trade wars with the US government. Although they have retaliated, which shook the world economy and that of the US, maybe we should call it "a test on the microphone," and a warning signal to the US. They would hold onto their Bond for future retaliation if anything funny happens again.