China’s foreign exchange reserves, the bulk of which are held in US dollars, rose by US$20.7 billion in December. Steven Mnuchin, US Treasury secretary, and his wife Louise Linton pose with a 2017 50 subject uncut sheet of US$1 dollar notes. Photo: Bloomberg
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

China’s brinkmanship over dumping US Treasuries is bound to backfire

Beijing should resist any temptation to link its policy on purchasing US Treasuries to its trade differences with the US

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China’s foreign exchange reserves, the bulk of which are held in US dollars, rose by US$20.7 billion in December. Steven Mnuchin, US Treasury secretary, and his wife Louise Linton pose with a 2017 50 subject uncut sheet of US$1 dollar notes. Photo: Bloomberg
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