ut even as US cabinet officials lined up yesterday to calm jittery equitymarkets, SGH says in a note released over the weekend that "China hadalready signaled an aggressive and potentially more ominous escalation inthe developing trade wars to the White House":From what we understand, the Chinese government has halted its purchases ofUS Treasuries.
Despite the direct encouragement, according to Chinesesources, by US Treasury Secretary Steve Mnuchin for China to "stay put,”Beijing has apparently discontinued purchases of US Treasuries “for thepast few weeks.”
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