Well if China is in such a strong position and playing the "long" game, then why is banning WeChat a huge topic in China when Trump hasn't even banned it yet? Oh well, only time will tell...
Crude oil has yet to benefit from any US-Sino tensions. Gold should continue its upward trajectory as China and Russia move away from the USD and dollar-denominated assets.
Last week there was this interesting news: 10 US Companies With Highest Revenue Exposure To China https://finance.yahoo.com/news/10-us-companies-highest-revenue-225350456.html
another opinion, this one from my colleague John Thorpe: You have to own things that survive currency debasement. Precious metals and U.S. Treasuries. Bid to covers should increase during the weekly auctions for many reasons in this current environment. The Fed’s own Jay Powell had said in March, “Our ability to quantitative ease and buy bonds is infinite” rather, there is no ceiling to what they are willing to do, and they are the number one customer of the U.S. Treasury department. Of course, China plans over the course of 100 years, we can only plan for 4 or 8 years.
You are comparing oranges to cruise missiles. Millions of American (potential sellers) are currently holding US Treasuries, while China represents just one (1) extremely large potential seller. Again, if China wants its money back (1 Trillion US dollars), game over for the US. If Japan does the same thing then "margin call gentlemen !", so to speak. That's what happens when the entire economy of a country is based on never-ending debts.
I guess I spoke too soon. WeChat is getting banned in 45 days if they are not sold by its parent company. https://www.elitetrader.com/et/threads/wechat-is-to-be-banned-in-the-usa.348629/