China got caught in Donald Trump’s move! America will ruin the country of Jinping like Russia?

US China Trade War: China’s economic condition is now deteriorating due to the tariff tight of US President Donald Trump. The big economists of the country of Xi Jinping themselves are now worried about what the situation of China is going to happen in the coming time. The biggest thing is that if the US seized China’s foreign property, then China’s condition will be like Russia.

What to say of the economist of China

According to a report by the South China Post, a senior economist and former Central Bank Advisor to Chinese U Yongding has expressed serious concern over the safety of China’s foreign properties amid growing trade war with the US. He has advised Chinese officials to be vigilant and make necessary preparations to reduce possible losses.

America can make dollars weapon

In a forum held in Beijing, U Yongding said, “America can make dollars a weapon. Trade war is intensifying, I am afraid that this struggle may reach China’s foreign properties.”

China had foreign assets of 10.2 trillions by the end of 2024. It will be around 850 lakh crore rupees in Indian rupees. Out of which 3.2 trillion dollars are Forex Reserve. Most of these are in US dollars. However, China is decreasing the holdings of American Treasury Bills in the last few years. Since 2017, China has reduced about 25 percent of American bonds.

Russia can also be with China

U Yongding warned that China should be cautious by taking lessons from the way the US seized Russian properties after the Russia-Ukraine War. He said, “We should be ready and take concrete steps, so that future damage can be reduced.”

“Mara-e-Lago Accord” also threatened?

U also expressed concern over a hypothetical plan called “Mar-e-Lago Accord”, in which the US could turn the dollar-dinominated debt of foreign borrowers into 100 years bonds. According to U, “It will be a way default, which can become a big threat to China.”

The confrontation between China and the US can now move beyond trade and reach the financial sector. The concern about China’s foreign properties, especially the funds kept in US dollars, is increasing. Experts believe that China will have to further strengthen its economy as well as reduce dependence on US dollars.

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