28-04-2025
China Downplays Impact of Treasuries Swings on Its FX Reserves
A senior Chinese central bank official played down the impact of Treasury market volatility on the country's foreign exchange reserves, arguing Beijing had diversified its foreign assets enough to soften the blow.
'We have noticed the volatility in Treasuries' as investors in the international financial market recently paid more attention to risks in dollar assets following the US tariff hikes on major economies, Zou Lan, a deputy governor of the People's Bank of China, said at a Monday briefing.
