What Happens If China Triggers Its Nuclear Option for U.S. National Debt?

The U.S. government directly owes the nation of China over 1.1 trillion dollars. What would happen if the Chinese government were to weaponize its holdings of U.S. Treasury bonds by suddenly selling off all of them?
That’s an option that has been suggested by Hu Xijin, the editor of the government-controlled Global Times.
Dumping its U.S. national debt holdings is considered to be China’s “nuclear option” for retaliating against the U.S. government in the trade war between the two countries that has been going on for more than a year. CNBC‘s Jeff Cox describes how Beijing might come to deploy this particular

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