Beijing - Saba:
Many Chinese investors have withdrawn their investments in US Treasury bonds in favor of investing in European debt instruments.
Reports by German banking experts confirmed on Friday that "the move by Chinese investors comes in response to the trade war ignited by US President Donald Trump with China."
The experts' reports monitored "the decline in the share of the US dollar in the investment portfolios of Chinese investors, whose interest in other markets has increased."
"Highly rated European bonds, Japanese government bonds and gold may be potential alternatives to US Treasuries for Chinese clients in overseas markets."
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