China has about US$1.1 trillion worth of US Treasury bonds in its foreign reserves. Photo: EPA-EFE

Coronavirus sparks US dollar dilemma for China as Federal Reserve ramps up easing

  • China is the world’s second largest holder of US government debt, with about US$1.1 trillion worth of US Treasury bonds in its foreign reserves
  • As the US Federal Reserve scales up monetary easing, pushing down bond yields, some analysts have asked whether Beijing should sell its US Treasury holdings
Topic |   China economy
China has about US$1.1 trillion worth of US Treasury bonds in its foreign reserves. Photo: EPA-EFE
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