First the good news. China only sold only $43 billion worth of foreign exchange reserves, most of which U.S. Treasurys, in September.
This number is far lower than the $94 billion it sold in August, so it seems the country managed to stem the bleeding which reduced reserves of $4 trillion (August 2014) to $3.51 trillion in September of 2015.
Fewer sales by China are also beneficial because they reduce the pressure on interest rates here in the United States.
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