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A highly placed scholar is encouraging China to offload more of its holdings in Treasuries as overseas assets become a riskier proposition thanks to erratic geopolitical shifts.
(Bloomberg) -- China needs to further reduce its Treasuries holdings, in part to lessen the potential leverage of Washington over its Asian rival, according to a paper published by a Chinese state think tank.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterYen Sparks Intervention Suspicion After U-Turn From 1990 LowsWhat 60,000 Headlines Say About the Fed’s Next MoveUS Warns ICC Action on Israel Woul
US Secretary of State Antony Blinken’s three-day visit to China, during which he had extensive exchanges with Chinese officials, was deemed by Chinese experts as “generally positive and playing a role in stabilizing relations between China and US,” but observers also believed such a visit by itself cannot fundamentally change the current trend of China-US ties.
Chinese President Xi Jinping met with visiting US Secretary of State Antony Blinken on Friday in Beijing. Xi said China is willing to cooperate with the US, but cooperation should be a two-way street.
Team led by a group of Chinese researchers cloned a specific gene that is resistant to Asian soybean rust amid Beijing’s focus on food security and tech self-reliance.