China seeks to allay concerns that it would use its $2.45T stockpile of U.S. Treasurys as a...

|By:, SA News Editor

China seeks to allay concerns that it would use its $2.45T stockpile of U.S. Treasurys as a "nuclear weapon," saying any increase or decrease in its holdings is a "normal investment operation" and should not be interpreted politically. But China called on the U.S. and other major countries to take "responsible measures" to maintain the value of their currencies.