‘All China’s assets in the US might be annulled‘, warns ex-Bank of England chief, urging countries to diversify

<p><a href="https://www. avi icke.com/wp-co te t/ ploa s/2016/06/U title -2.jpg" rel="attachme t wp-att-374615"><img class="size-f ll wp-image-374615 alig ce ter" src="https://www. avi icke.com/wp-co te t/ ploa s/2016/06/U title -2.jpg" alt="U title -2" wi th="700" height="525" srcset="https://www. avi icke.com/wp-co te t/ ploa s/2016/06/U title -2-300×225.jpg 300w, https://www. avi icke.com/wp-co te t/ ploa s/2016/06/U title -2.jpg 700w" sizes="(max-wi th: 709px) 85vw, (max-wi th: 909px) 67vw, (max-wi th: 984px) 61vw, (max-wi th: 1362px) 45vw, 600px" /></a>‘Washi gto may be force to re ege o its h ge ebt to Beiji g er catastrophic circ msta ces, says the former hea of the Ba k of E gla Mervy Ki g. He s ggests gover me ts co l mitigate risk by iversifyi g their assets.</p>
<p>“Who k ows what the f t re hol s, b t Chi a a other co tries o ot wa t to be i a sit atio where all their i ter atio al assets are i effect epe e t o the US,” sai Ki g, who was the Gover or of the Ba k of E gla from 2003 to 2013, i a article for Gol I vestor magazi e.</p>
<p>“Of co rse the US wo l ot wa t to re ege o its ebts, b t if some awf l co flagratio occ rre , the all Chi a’s assets i the US might be a lle ,” sai the former BoE chief, a i g that Chi a a other co tries sho l iversify their portfolios, maki g them less epe e t “o the goo will of other co tries.”’</p>
<p><a href="https://www.rt.com/b si ess/345982-chi a- s- ebt-mervy -ki g/? tm_so rce=browser& tm_me i m=aplicatio _chrome& tm_campaig =chrome" target="_bla k">Rea more: ‘All Chi a’s assets i the US might be a lle ‘, war s ex-Ba k of E gla chief, rgi g co tries to iversify</a></p>