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).
More News On Chinese State Media Saying China Will 'Gradually' Sell Off Its US Treasury Holdings
China may ditch US Treasuries as decoupling risk looms: Global Times -- SCMP
China May Dump U.S. Treasuries if Tensions Escalate, State Media Says -- Newsweek
China To "Gradually" Sell 20% Of Its US Treasury Holdings, May Dump It All In Case Of "Military Conflict": State Media -- Zero Hedge
Who Wins if China Dumps US Treasuries? -- Mish Talks
3 comments:
Let them
China has trillions and trillions and trillions in debt
Once people understand how utterly bankrupt they are and what covid is actually all about, they need any money that can get
They are completely broke, printing money left and right. Their currency is worthless
Wouldn’t that help them!? I say give them pennies on the dollar for back payment of COVID
Mike even that would be too generous
Before the Wuhan virus was released on the world, China had already stolen an estimated 10+trillion from the US and Euro zone economies. Also other regions like Japan, south Korea and even Russia saw theft.
The UN estimates that the damage to the world economy, for the Wuhan virus alone, will be about 10-12bn by end of 2021
On top, it is expected that up to 200 million will die of food shortages.
So basically China's CCP and XI just killed 10 times more people than Hitler and Stalin did together.
And they made money off our deaths while insulting us on top, telling us we are racists and shouldn't complain
Withheld information
Pushed faulty equipment and masks on us
To me that's a death penalty in my book and politicians and business leaders alike better realise the severity what it means to be seen doing business with China going forward
Amazon needs to start labeling any product manufactured in China on their website. It's long overdue and someone gifted should start an online petition
Further, all Chinese visas need to be cancelled. Too many of them favour China and are soies, many extorted by the CCP through intimidation tactics, "might be a shame if something were to happen to your family in mainland"
China is our sworn enemy before the pandemic and 10x more so now. They were absolutely ok with mass murder. The CCP is today's Nazis and they don't care about democracy, freedom of speech or any of that. And they laugh at appeasement. It doesn't work in China. The Chinese only understand strength. I've been dealing with Chinese for decades, they're truly different than the rest of the World. Want to see real racism? Go to China, see what they're capable of doing. See how they treat muslims, the forced sterilisation programs or how they talk about blacks. Real racism. CNN loves them though.
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