Chinese investors dumped a record amount of US securities, both stocks and bonds, in May as diplomatic tensions remained elevated between the world’s largest economies.
Funds in the Asian nation offloaded a net $42.6 billion worth of long-term securities consisting of Treasury, agency and corporate bonds as well as equities, according to the latest data from the US Department of the Treasury released Thursday. Sales in the first five months of this year totaled $79.7 billion, an all-time high for the January-May period.
