China denies report it could halt US bond purchases

China on Thursday denied a report that it may slow or cease its purchases of US Treasury bonds, which sent the dollar falling. Bloomberg News reported Wednesday that officials reviewing China's foreign-exchange holdings had recommended slowing or halting purchases of US Treasuries, citing people familiar with the matter. "We think this story could be quoting a mistaken source or it could also be a piece of fake news," the State Administration of Foreign Exchange said in a statement on its website.

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