China holds the biggest volume of US Treasuries in the world, at US$1.123 trillion. Photo: Shutterstock
Will China use its US$1.2 trillion of US debt as firepower to fight the trade war?
- Fears are mounting among investors and analysts of potential adverse effects on global economic growth as China promises to strike back after US raised tariffs
- Uncertainties on how escalating tensions will unravel have hurt markets this week
Topic |
China economy
China holds the biggest volume of US Treasuries in the world, at US$1.123 trillion. Photo: Shutterstock
US Treasury Secretary Steve Mnuchin (left) and US Trade Representative Robert Lighthizer are seen outside the Office of the United States Trade Representative in Washington on Friday. Photo: AP
No resolution as US-China trade war talks end and Beijing delegation reportedly prepares to leave Washington
- US Treasury Secretary Steven Mnuchin said negotiations had concluded for the day but still characterised them as constructive
- After raising tariffs on US$200 billion of Chinese imports, USTR warns of new tariffs on another US$300 billion
Topic |
US-China trade war
US Treasury Secretary Steve Mnuchin (left) and US Trade Representative Robert Lighthizer are seen outside the Office of the United States Trade Representative in Washington on Friday. Photo: AP