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

TOP PICKS

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
READ FULL ARTICLE
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.