China’s Threat to Dump Treasurys Has No Bite

BY FAN YU, EPOCH TIMES

May 19, 2019 Updated: May 19, 2019

A May 13 tweet by the editor of a state-run Chinese newspaper set off speculation that China may stop buying U.S. debt and begin selling Treasurys.

Hu Xijin, chief editor of the hawkish newspaper Global Times, said in a tweet on May 13 that “Chinese scholars are discussing the possibility of dumping U.S. Treasuries and how to do it specifically.”

China’s possibility of dumping its massive holdings of U.S. debt has long been considered a “nuclear option” to force the United States to capitulate in the ongoing trade war. Some believe that a massive sale could trigger a sudden increase in U.S. interest rates and hurt the U.S. economy.

Despite the threat, this has an almost zero chance of happening. It would have little impact on the U.S. economy and would only be counterproductive for China.

https://www.theepochtimes.com/chinas-threat-to-dump-treasurys-has-no-bite_2927872.html

Eiffel Tower closed down after intruder tries to climb up

PARIS (AP) — The Eiffel Tower closed down on Monday after a man began trying to scale the Paris monument.

A person could be seen dangling just below the third and highest level of the structure. A rescuer dressed in red was just above him.

Police said the climber was a male.

It wasn’t immediately clear how the trespasser managed to get past the stringent security system.

A Paris police spokeswoman said a team of firefighters including a climbing specialist was on the scene and in touch with the intruder, whose motivations remain unclear.

Officials haven’t immediately provided further information about the incident, and it’s not known when the Eiffel Tower will reopen.

https://apnews.com/7193622d19914e4e8e36139b845a1f31?utm_campaign=SocialFlow&utm_source=Twitter&utm_medium=AP

Eiffel Tower Evacuated After Climber Caught Scaling Paris Landmark