Brumpost
  • COVID-19
  • Best Products
  • News
  • How Tos
  • The Bargainer
  • Reviews
  • Tireposts
  • @Work
  • 5G
No Result
View All Result
Brumpost
Home News Enterprise

Report says China may dump U.S. Treasuries as tension increases between both world powers

Relationship between the United States and China has deteriorated seriously leading to this speculations

Fey Aniston by Fey Aniston
8 months ago
in Enterprise
Reading Time: 2 mins read
A A
0
China may dump U.S. Treasuries
Share on FacebookShare on TwitterPin It

Report has it that China may soon cut its holdings of U.S. Treasury bonds and notes as the tension between both world powers intensifies according to reports gotten from the state-owned Global Times which cites experts as saying.

ADVERTISEMENT

Over the last couple of years and especially this year 2020, there have been a serious deterioration in the relationships between the U.S. and China over numerous issues among which is the Covid-19 pandemic, trade and technology leading to the global financial markets worrying if China would sell the U.S. government debt it holds as a weapon in order to counter rising pressure from the western power.

“China will gradually decrease its holdings of U.S. debt to about $800 billion under normal circumstances,” Xi Junyang, a professor at the Shanghai University of Finance and Economics, was quoted as saying on Thursday, without giving a detailed timeframe.

“But of course, China might sell all of its U.S. bonds in an extreme case, like a military conflict.”

China meanwhile is the second-largest non-U.S. holder of Treasuries which peaks US$1.074 trillion back in June and down from US$1.083 trillion the previous month based on the latest official data.

The world most populous country had steadily decreased its holdings of the U.S. bonds this year but some market watchers suspects the country may not have necessarily sold U.S. Treasuries as it may have used other custodians to purchase Treasuries.

With the current drop to US$800 million from its current level may suggest the fact that the country is shrinking its holdings by more than 25%and analysts say that large-scale Chinese selling which is often referred to as the “Nuclear option” could further trigger a big turmoil on global financial markets.

There is also the potential default risk in the U.S. as the debt of the world’s largest economy has surged increasingly to about the same size of its gross domestic product which is a level that has not been seen since the end of the World War Two and above the internationally recognized safety line of 60%

China is heavily exposed to the U.S. dollar and dollar-denominated assets. Its official foreign exchange reserves stood at $3.154 trillion at the end of July.

Via: Reuters
Tags: China
ADVERTISEMENT

Related Posts

Boycott Mulan
Culture

The hashtag #BoycottMulan is trending on Twitter because of the lead actress’ comment about Policing in Hong Kong

by Bree Tyller

There is protest and calls for boycotts over the Disney's movie adaptation of Mulan which has spiked as the movie hits Disney Plus, the company's on-demand streaming service. The hashtag...

Read more
Industry News

SMIC market share drowns as U.S. sanctions affects the Chinese chipmaking industry

by Niroid Dot Com

The shares of China's SMIC fll by a fifth on Monday which report says it could all be traced back to the fact that the chipmaker got sanctioned by the...

Read more
Latest News

China to launch initiative to encourage the development of Hydrogen cell battery

by Ken Fueller

China had been accused of being part of the problem of global waste disposition as well as carbon emission by a number of people and the U.S. President Donald Trump...

Read more
Huawei China market share
Industry News

Huawei and it’s sub brand Honor snaps 40% of the Chinese mobile market share

by Vonci Gigi

Based on one of the most recent CINNO Research report, it was revealed that Huawei and it's sub brand both hold a whooping 40% share in the China mobile market...

Read more
Sci-Tech

There is a growing privacy concern in China over the usage of Health QR code system

by Anna Xiaoling

China is feared by many in the west as being a monitoring hub and the country's usage of health tracking QR codes was part of the tools it used in...

Read more
Huawei number 1 smartphone manufacturer
Industry News

China wants The US to stop “Unreasonable Suppression” of Huawei and others

by John Wong

China seems to not be totally cool with the US banning Huawei, one of Chinese's largest telecommunication company as well as the second largest smartphone maker in the world. The...

Read more
Leave Comment

TOP BARGAINS

The Bargainer

AllDoCube iPlay 40 UNNISOC T618 With 8GB of RAM and 128GB of Storage just got cheaper

The Bargainer

Enjoy a Massive discount for these BlitzWolf® over-ear Gaming Headphones

The Bargainer

This BlitzWolf® BW-FUN3 Wi-Fi Essential Oil Diffuser is offered with 40% off

The Bargainer

Save $70-$130 On Select Samsung Galaxy Tablets on Best Buy

The Bargainer

Save 45% on the Deerma DX700S 2-in-1 vacuum cleaner

BRUMPOST DAILY

Get caught up in minutes with our speedy summary of today’s tech happenings!
SUBSCRIBE

BEST HOLIDAY DEALS

BEST HOLIDAY DEALS

It’s holiday season and on Brumpost Bargainers, we actually get you the best values and amazing deals by scouring the entire web for the most affordable yet high quality products ever for you.

Learn more
  • About us
  • Advertise
  • Mobile
  • Write for us
  • FAQ
  • Cookie Policy
  • Contact us
  • Career
  • Terms of Use
Menu
  • About us
  • Advertise
  • Mobile
  • Write for us
  • FAQ
  • Cookie Policy
  • Contact us
  • Career
  • Terms of Use
© 2020 BRUMPOST MEDIA LLC
All Rights Reserved
FOLLOW US
AFFILIATE DISCLOSURE
Brumpost may get a commission from retail offers.
  • Login
  • Sign Up
No Result
View All Result
  • Tech News
    • Industry News
    • Gears & Gadgets
    • Sci-Tech
    • Culture
    • Enterprise
    • Rumors
  • Products Review
    • Smartphones
    • Smartwatches
    • Bluetooth Speakers
    • Headphones
    • PC & Computers
  • “How-to” Guide
    • Apps/Software
    • BP-Hack
    • Gadgets
    • Internet
  • Tirepost
    • Best Cars
    • Car Reviews
    • Latest News
  • @Work
  • The Bargainer
    • under $50
    • Under $100
    • Under $200
    • Under 300
    • under $400
    • Under $500
  • Videos
  • Pictures
  • COVID-19 Monitor

©Copyright 2018 Brumpost Media, Inc.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
DON’T MISS OUT AGAIN!
GET THE LATEST UPDATES IN YOUR INBOX EVERYDAY
FREE SIGN UP
By signing up, you agree to BRUMPOST Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Learn how to grow every aspect of your
GET THE BEST SMALL BUSINESS RESOURCES & TIPS DAILY
FREE SIGN UP
By signing up, you agree to BRUMPOST Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
GO
Sign-up for exclusive content. Be the first to hear about Brumpost Tech news.
Subscribe
close-image

astronaut astronomy cosmonaut galaxy RECENT VIDEOS play_circle_outline Watch NASA's Next Spacewalk on Saturday March 13th Apple iPhone 12 Pro Max leaked in a new video RECENT VIDEOS play_circle_outline Alleged iPhone 12 Pro Max leaked video showed some interesting features Zack Snyder's Justice League trailer RECENT VIDEOS play_circle_outline This is the first trailer for the Zack Snyder's Justice League Galaxy Fold 2 RECENT VIDEOS play_circle_outline Galaxy Fold 2 appears in a teaser hinting possible release things to consider before buying a smartphone RECENT VIDEOS play_circle_outline Top 8 things to consider before buying a smartphone in 2020
close-link

WE'VE GOT BUNCH OF COOKIES HERE!

Brumpost uses cookies to enhance your experience and by continuing to use the website, you are giving consent to those cookies being used. To learn more, click below
COOKIE POLICY
close-link
Click Me

Get caught up in minutes with our speedy summary of today’s tech happenings!
SUBSCRIBE