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

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China holds the biggest volume of US Treasuries in the world, at US$1.123 trillion. Photo: Shutterstock
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