Post
Topic
Board Economics
Re: CHINA WILL CUT HOLDINGS OF U.S TREAS FROM CURRENT ABOVE $1T TO ABOUT $800B
by
Harriti
on 10/09/2020, 17:59:26 UTC
CHINA WILL FURTHER CUT HOLDINGS OF U.S TREASURIES FROM CURRENT LEVEL ABOVE $1 TRILLION TO ABOUT $800 BILLION - STATE MEDIA

source https://twitter.com/Fxhedgers/status/1301603409817030656
I think this is a rather wrong decision by the Chinese government. The US is a powerhouse of heavy industry but they choose to oppose the US with agriculture, they do not know that there are many countries around that want to cooperate with America on agriculture. this only causes damage compared to China in the long run, and it will not affect the US economy much. This has officially made clear the Chinese retaliation, they will soon pay the price for their tricks.