Xi Jinping Is Counting China’s Chips
Chinese regulators’ guidance to banks on limiting U.S. Treasury exposure takes on new meaning when read alongside Beijing’s recent resistance to American semiconductor sales. Together, the two stories sketch the outlines of an emerging Chinese strategy: systematic reduction of exposure to American financial and technological dependencies, even when doing so requires accepting near-term costs.
Bloomberg reported Monday that Chinese regulators have been verbally instructing major banks to limit their holdings of U.S. Treasuries , citing concentration risk and market volatility. The guidance came before last…
Read the full article at BREITBART.COM
