China: Not actively considering using US Treasuries as a trade-war tool - Reuters
|As reported in an exclusive by Reuters, China's ambassador to the US, Cui Tiankai told Reuters in an exclusive interview that he doesn't believe that Shanghai is considering using their ample supply of US Treasuries as a weapon in the Sino-US trade war.
Key quotes
“We don’t want to cause any financial instability in global markets. This is very dangerous, this is like playing with fire,” Ambassador Cui Tiankai told Reuters. “I don’t think anybody in Beijing is thinking seriously about this. It could backfire,” he added.
Trade and economic analysts have often said China could slow its purchases of U.S. Treasuries or sell off its holdings to pressure Washington into a deal.
Cui said China’s Treasury holdings were a good example of the economic interdependence between the United States and China — a relationship that he said would be nearly impossible and dangerous to untangle.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.