China, a BRICS member, does not turn the stones over, sells US dollar-controlled bonds and the Treasury on a large scale. China sold $8.2 billion worth of Treasury in April 2025, according to the latest data released by the US Treasury Department. The sale comes after Trump charged sweeping fees on many countries in early April on the day of his release.
In a BRICS counterattack, China sold US dollar-controlled bonds and the Treasury Department that trims US assets holdings. Instead, communist countries have cut ties with assets covered in America by central bank reserves and have accumulated gold. Apart from gold, they are also diversifying reserves with other major local currencies to end their dependence on the US dollar.
BRICS: China cuts ties with US dollar finance ministry, bonds
According to data, BRICS member China held US dollar Treasury and bonds worth $135 billion in 2012. However, holdings fell to $757 million in April 2025, a decline of approximately 44%. It was a sudden turnover in just 13 years, with $273 billion worth of financial assets being wiped out by China’s central bank.
If many BRICS countries and other developing countries begin to follow in China’s footsteps by dumping dollar bonds and the Treasury Department, the US will find it difficult to fund that deficit. China is currently the third largest owner of US Treasury debt, and if the sale is made regularly, things can become serious. Only behind Japan and the UK is the dollar held the top two positions in sectarian debt.
BRICS Members “China’s US Treasury cuts in April are largely due to the need for allocation of diverse foreign exchange reserves.” Xi Junyang, professor at the Global Times at Shanghai University on Thursday. He pointed out that sales could occur regularly as China has been dumping its finances so strongly since 2022.
