Beijing may gradually decrease its holdings of US Treasury bonds if tensions with Washington continue to escalate, says the Global Times. Photo: Reuters
Reuters: China may dump U.S. Treasuries as Sino-U.S. tensions flare: Global Times
SHANGHAI (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.
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WNU Editor: This is not an idle threat. The Global times article is here .... Amid rising tensions, China likely to reduce US debt holdings (Global Times).
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