(Bloomberg) — Chinese investors sold a record amount of U.S. stocks and bonds in May as diplomatic tensions remained elevated between the world’s two largest economies.
Funds in the Asian nation offloaded a net $42.6 billion worth of long-term securities consisting of Treasury, agency, corporate and other bonds as well as equities, according to the latest data from the U.S. Department of the Treasury released Thursday. Sales in the first five months of this year totaled $79.7 billion, an all-time high for the January-May period.
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