March 10, 2025 (EIRNS)—According to the Chinese internet channel Sohu, China has several hundred tons of its gold stored in the U.S. for safe-keeping and has asked that it be returned, but the U.S. has been dragging its feet. China views this as a part of the U.S. attempt to contain China. “A large number of countries have entrusted the United States with the storage of their gold reserves, and China is no exception,” a P.R.C. statement said. “By sending a certain amount of the precious metal to America, the P.R.C. hoped that such a major power as the United States would value its reputation. But this turned out to be a mistake.”
Sohu also reported that China has responded to this by selling more U.S. Treasury bonds. China has been gradually reducing its holdings of Treasuries over the last few years and buying gold.
