Potential Western sanctions on China for its support of Russia could hurt its foreign securities holdings. Photo: Reuters
US sanctions threat if China aids Russia stirs fear in Beijing about forex assets
- US punishment of Beijing for supporting Russia could target China’s large foreign reserve assets, economists say
- Because China runs a trade surplus, it has to invest in foreign assets and there are few other choices but US bonds
Potential Western sanctions on China for its support of Russia could hurt its foreign securities holdings. Photo: Reuters
