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China's $ 1.2 trillion weapon that could be used in a US trade war

President Xi Jinping would have to be angry about dropping treasures in droves, as selling off would negatively affect his own financial affairs. "It's like holding a gun to your head and saying that I have a hostage," says Reinhart. If China were to sell its bond holdings, it would probably have to sell at least some of the government …

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