China’s talk of dumping US debt “not a serious threat”

Investment and policy specialists are dismissing fears – stoked further by a September 3 story in Chinese state newspaper Global Times – that China will sharply ramp up selling of its vast quantity of US government bond holdings, as tensions soar between the world’s two biggest economies. In the recent article, Xi Junyang, a professor at the Shanghai University of Finance and Economics, said Beijing would “gradually decrease” its holdings of US Treasuries to about $800 billion fro…