China flexes financial muscle as tensions with US rise (Business Times (Malaysia))
WASHINGTON: China may be flexing its financial muscle by cutting back on its massive holding of US Treasury bonds as tensions rise between the two powers on multiple fronts, some analysts say. China slashed its bond holding by US$34.2 billion (US$1 = RM3.39), or 4.3 per cent, to US$755.4 billion in December, fuelling the biggest drop in the foreign purchase of short-term US bonds, according to …
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