Traders work as US President Donald Trump is seen on television on the floor of the New York Stock Exchange (NYSE) in New York. Photo: Bloomberg
Could China dump its US Treasuries to fight the trade war? A contrarian view is emerging in Beijing
- As trade war escalates, market talk is emerging that Beijing will use monetary weapons to retaliate as ‘last resort’
- China’s US Treasury holdings in March dropped by US$10.4 billion while foreign exchange reserves rose to highest level since August
Follow your favourite topic and get notified
Traders work as US President Donald Trump is seen on television on the floor of the New York Stock Exchange (NYSE) in New York. Photo: Bloomberg