The Chinese have sold a record amount of US Treasuries. Again. Most mainstream explanations point to political motives including many asserting an intentional act to move away from the dollar. The actual reason is indeed monetary but not at all in that way. The important immediate implications tell us a lot about the conditions for the globally synchronized economy.

Eurodollar University's Money & Macro Analysis

Bloomberg China Sells Record Sum of US Debt Amid Signs of Diversification
https://www.bloomberg.com/news/articles/2024-05-16/china-sells-record-sum-of-us-debt-amid-signs-of-diversification

CNN China has teased how it might fix its property crisis. Markets are loving it
https://www.cnn.com/2024/05/16/business/china-property-crisis-unsold-homes-hnk-intl/index.html

China NBS Basic situation of the national real estate market from January to April 2024
https://www.stats.gov.cn/sj/zxfb/202405/t20240517_1955760.html

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China Dumping Record Amounts of Treasures (Here's Why)