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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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

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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
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