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
Opinion
Opinion
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
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