Beijing likely to dump US treasuries as US-China tensions soar: Report

Topics Beijing | US China | US Treasuries

China may gradually cut its holdings of U.S. Treasury bonds and notes, in light of rising tensions between Beijing and Washington, state-backed newspaper Global Times cited experts as saying.With Sino-U.S. relations deteriorating over various issues including coronavirus, trade and technology, global financial markets are increasingly worried if China would sell the U.

S.government debt it holds as a weapon to counter rising U.S.pressure. "China will gradually decrease its holdings of U.S. debt to about $800 billion under normal.....

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