China: Dumping U.S. Debt

WASHINGTON—China continued selling U.S. Treasurys in January, although it remained the top foreign holder following upward revisions to past data, the Treasury Department said.
Overall, foreigners were modest net buyers of long-term U.S. financial assets in January, according to the monthly Treasury International Capital report, known as TIC.
China remained a net seller of Treasurys, with its holdings falling $5.8 billion to $889.0 billion in January, following net sales of over $34 billion in December.

The Chinese are wise! This is the mother of all bubbles!