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
Topic |   US-China trade war

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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
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