World News: 03:19 GMT Wednesday 15th May 2019. [Yahoo Business News Feed via SPi World News]
It’s seen as a nuclear option that would inflict more harm on China’s economy than America’s. The offshore yuan has slumped 2.4% this month as the trade standoff intensified, reaching the weakest since December. The specter of Treasuries being deployed as a weapon in the trade spat surfaced via a tweet from a Chinese journalist on Monday that said the nation’s scholars are “discussing the possibility of dumping” U.S. government debt.
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