A blow to DJI and China's T-bills — techno-trade war news - SupChina
Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

Premium

Join the thousands of executives, diplomats, and journalists that rely on SupChina for daily analysis of the full China story.

Daily Newsletter

All the news, every day. Premium analysis directly from our Editor-in-Chief Jeremy Goldkorn.

24/7 Slack Community

Have China-related questions and want answers? Our Slack community is a place to learn, network, and opine.

Free Live Events & More

Monthly live conference calls with leading experts, free entry to SupChina live events in cities around the world, and more.

"A jewel in the crown of China reporting. I go to it, look for it daily. Why? It adds so much insight into the real China. Essential news, culture, color. I find SupChina superior."
— Max Baucus, former U.S. Ambassador to China

Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

OR… for more in-depth analysis and an online community of China-focused professionals:

Learn About Premium Access Now!
Learn More
Minimize
Learn More
Minimize

A blow to DJI and China’s T-bills — techno-trade war news

It’s day 377 of the U.S.-China techno-trade war by our count. Here is the latest:

A blow to dronemaker DJI: Cape, a California-based startup that is “a supplier of drone technology to dozens of state and local law enforcement and public safety agencies…will stop working with Chinese drone manufacturers, citing security concerns,” reports Bloomberg (porous paywall).

“Apple is about to start trial production of its popular AirPods wireless earphones in Vietnam as the company accelerates plans to diversify manufacturing of its consumer electronics lineup beyond China,” says the Nikkei Asian Review (porous paywall).

“The ‘Defending America’s 5G Future Act’ was introduced in the Senate by Republicans Cotton, Marco Rubio and Mitt Romney and Democrats Chris Van Hollen, Mark Warner and Richard Blumenthal,” reports Reuters, noting that the Act is intended “to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump’s easing of curbs on the Chinese firm.”

“How has Duke Kunshan University been affected by the U.S.-China trade war?” asks the Duke Chronicle:

Duke Kunshan University has managed to stay out of the cross fire — at least for now… As far as operations and the general situation of the school, we’ve been fairly immune from the impact of difficult relations,” said Denis Simon, executive vice chancellor of DKU.

“China’s holdings of U.S. Treasury securities dipped in May to the lowest in two years” from $2.8 billion to $1.11 trillion, in the third straight month of declines, reports Bloomberg (porous paywall).

What does this mean? Probably not a lot. Despite the frequent media mentions of the threat of China dumping its U.S. Treasury holdings, no serious analyst — as far as we can tell — believes this to be a real possibility. Just yesterday, we published an explainer on this very subject on SupChina:

China vs. the U.S. Treasury: Why Beijing won’t use the ‘nuclear option’ of selling American debt

Note, in apology for the headline: China holds not only T-bills (which mature within a year), but also Treasury notes (two to 10 years) and Treasury bonds (longer than 10 years) as well as other instruments of U.S. government debt.

Share
Jeremy Goldkorn

Jeremy Goldkorn worked in China for 20 years as an editor and entrepreneur. He is editor-in-chief of SupChina, and co-founder of the Sinica Podcast.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.