It is vital for Beijing to ensure the value of its US dollars – its main diplomatic tool for buying influence with low-interest loans and aid. Photo: Kyodo
Zhang Lin
Opinion

Opinion

Zhang Lin

Why the trade war won’t prompt Beijing to dump its US Treasuries

Selling off its US$1.2 trillion holdings would inflict pain on China – but it may or may not bring harm to the United States, writes Zhang Lin

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It is vital for Beijing to ensure the value of its US dollars – its main diplomatic tool for buying influence with low-interest loans and aid. Photo: Kyodo
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