China calls on banks to limit exposure to US debt – Bloomberg

Geopolitical tensions and volatility in American bond markets have reportedly been raising risk concerns

China has urged its banks to curb their exposure to US government debt, citing market volatility and growing financial and geopolitical risks, Bloomberg has reported citing people familiar with the matter.

Over the past decade, China has steadily trimmed its US Treasury holdings, a shift that has seen it overtaken by Japan and...