China’s US dollar debt market showing cracks from US sanction…

As US-China tensions show no sign of abating, the threat of new Washington-imposed tariffs and sanctions on Chinese firms are starting to reveal cracks in China’s US dollar corporate bond market.Since the Trump administration started the trade war with China in 2018, the United States has imposed tariffs on US$550 billion worth of Chinese products, while China has countered with tariffs on US$185 billion worth of American goods.The Pentagon this year also designated 31 leading Chinese companies…

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