Trade War: China and Davos Switzerland

trade war: For instance, the US government bond market is a good place to invest, according to Global Times China. Therefore, China is unlikely to sharply reduce its holdings or investment in US government securities. Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said during a panel discussion at the World Economic Forum in Davos Switzerland that as a savings surplus country, China needs to make investments in overseas markets. Fang's remarks came as China and the US work to strike a deal to end a trade war that started in 2018 and inflicted losses on both sides. It is undeniable that China's holdings of US debt fell continuously last year. Since the initiation of the trade war, there has been speculation that China might cut its massive holdings of US Treasury securities as part of its retaliation against US tariffs, and global investors have been watching closely for any clues in this regard. (news.financializer.com). As reported in the news.