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Showing Original Post only (View all)China may dump U.S. Treasuries as Sino-U.S. tensions flare - Global Times [View all]
Source: Yahoo Finance
SHANGHAI, Sept 4 (Reuters) - China may gradually cut its holdings of U.S. Treasury bonds and notes, in light of rising tensions between Beijing and Washington, state-backed newspaper Global Times cited experts as saying.
With Sino-U.S. relations deteriorating over various issues including coronavirus, trade and technology, global financial markets are increasingly worried if China would sell the U.S. government debt it holds as a weapon to counter rising U.S. pressure.
"China will gradually decrease its holdings of U.S. debt to about $800 billion under normal circumstances," Xi Junyang, a professor at the Shanghai University of Finance and Economics, was quoted as saying on Thursday, without giving a detailed timeframe.
Read more: https://finance.yahoo.com/news/china-may-dump-u-treasuries-084840501.html
China has us by the short hairs. Trump, the supposed business/economic genius, has done nothing in 4 years to solve this problem... in fact he has made it worse.