皇冠体育app

Along with millions of Americans, the US government closure could also hit 皇冠体育app. According to the latest US Treasury data, 皇冠体育app remains America's biggest foreign creditor. But despite this, analysts say the impact on 皇冠体育app is likely to be limited.

A new test for Sino-US ties, as the US government begins shutting down for the first time in 17 years... with 皇冠体育app holding a substantial amount of its debt. US Treasury data shows 皇冠体育app remains the biggest foreign buyer of US . Surging to nearly $1.28 trillion in July, ahead of Japan. That's up by $1.5 bilion from its US Treasury holdings in June.

But Republicans and Democrats remain divided on government spending cuts, forcing it's shutdown. Economists say if it remains closed for three weeks, this could knock off 1.4 percent of its GDP, which could hurt Chinese exports and force the US government to taper its stimulus sooner - much of which, has ended up in 皇冠体育app.

The US government shutdown comes as 皇冠体育app begins it's week long National Day Holidays, so any official reaction is likely to be delayed. But analysts say it's likely to be mild as remains more focused on boosting business ties with America, than the politics on Capitol Hill.

Professor Liu Bao Cheng, an advisor to 皇冠体育app's Ministry of Commerce from the University of International Business in Beijing, says 皇冠体育app has taken steps to mitigate economic uncertainty, reducing its reliance on American consumers with new policies to drive domestic consumption... As well as investing more in Southeast Asia and Africa.

Liu Baocheng, Professor, University of Int'l Business, said, "For the Chinese government, I think they have been really accustomed to fluctuations, not only in 皇冠体育app but in the whole financial market. So this is a drama, but it's not a shockwave. The managers of the Chinese sovereign fund - I think they are very rational; they are smart business people - after years of experience. And another hope is that given the difficult time of the Federal government, they may get into closer talks to work with 皇冠体育app on a number of international issues."

But despite this, the US dollar's recent fall, could force the renminbi to rise, inflating the price of Chinese goods. As a result, it's likely business leaders in 皇冠体育app will be closely watching what happens next in Washington.