 "xi jinping")
As far as ideas go, the notion that Beijing has bargaining power over Washington by virtue of being America’s largest creditor is an old chestnut.
However, the current U.S.-China trade conflict has revived interest in the drop in Chinese holdings of U.S. Treasuries to their lowest level in a year and a half. The fifth straight decline took the stock of bills, bonds and notes to $1.14 trillion in October, down from $1.15 trillion the previous month. Is this a sign Beijing is retaliating?
Knowing how much President Donald Trump hates high U. S. interest rates, the threat of a spike in
