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
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
Economy /  China Economy

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

Karen Yeung
Karen Yeung

Updated: 10:10pm, 23 May, 2019

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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
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
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