China sells US government debt due to depreciation of the dollar

China sells US government debt due to depreciation of the currency itself. In the PRC, financiers think that the issue of US dollars will not end in any good way instead of solving economic problems. Thus, citizens' confidence in the US financial system in China is steadily declining.

In a pandemic, the US Federal Reserve was forced to virtually nullify the key banking rate, as well as launch an unlimited purchase of government bonds and mortgage-backed securities.

It is known that in the first quarter of 2020 alone, US authorities poured more than $ 2 trillion into the national economy.