According to figures released by the Treasury Department on Wednesday evening, China's holdings of U.S. government bonds fell $66 billion in November to $1.05 trillion. It is the sixth straight month that China has reduced its exposure to U.S. Treasuries. Read more.
The menace of the Chinese debt trap, which has been rubbished by some African leaders, is threatening the whole sovereignty of Zambia. As Zambia continues to default on repaying Chinese loans, the Chinese are gradually taking over Zambian companies and a whole lot other economic interests. Read more.