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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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.