this post was submitted on 02 Aug 2023
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United States | News & Politics

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Fitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+, citing “a steady deterioration in standards of governance.” (www.cnn.com)
submitted 2 years ago by [email protected] to c/[email protected]
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[–] [email protected] -1 points 2 years ago (1 children)

China has been dumping US bonds pretty aggressively, but I do believe they still hold a substantial amount.

[–] [email protected] 3 points 2 years ago* (last edited 2 years ago)

China has been dumping US bonds pretty aggressively

Makes sense. They're not stupid.