Selling off US Treasury bonds becoming global trend: WEF attendee

China

Selling off US Treasury bonds becoming global trend: WEF attendee

2026-01-24 15:32 Last Updated At：23:37

Some attendees to the just concluded World Economic Forum (WEF) annual meeting in Davos, Switzerland believe that selling out U.S. Treasury bonds is becoming a global trend due to the tensions between the United States and Greenland.

U.S. President Donald Trump on Wednesday renewed his push for U.S. acquisition of Greenland and sharpened criticism of Europe and the North Atlantic Treaty Organization (NATO) in a special address at the WEF annual meeting, adding fresh strain to transatlantic ties.

Trump said Europe was "not heading in the right direction", arguing that parts of the continent had become "not even recognizable" in what he described a "very negative" way.

On Thursday, Trump threatened in an interview at the WEF that the United States will retaliate if European countries sell off U.S. Treasury bonds due to U.S. stance on Greenland.

When U.S. Treasury Secretary Scott Bessent was asked how concerned he is about European investors pulling out of U.S. treasury bonds at the WEF, he stated that Denmark's investment in U.S. treasury bonds is "irrelevant" and he is not concerned at all. However, selling off U.S. Treasury bonds has been in full swing among many countries.

"Definitely. I mean the challenges are there, and we need to all focus on, trying to collaborate on how are we going to tackle together," said Juan Carlos Mora Uribe, president of Bancolombia, in an interview at WEF annual meeting when asked about his opinions on selling off U.S. Treasury bonds.

"I mean, we are part of that and we will definitely be involved. I think it's the way to go and I am confident that will happen," he continued.

Top legislator makes investigation, research tour in central China's Hubei

China's top legislator Zhao Leji conducted an inspection and research tour in central China's Hubei Province from Thursday to Saturday, emphasizing the imperativeness to adhere to the guiding role of President Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, closely focus on the central tasks of the Communist Party and the country to plan and advance the work of People's Congresses, and provide legal guarantee for achieving a good start in implementing the 15th Five-Year Plan (2026-2030).

In conducting inspection in Yichang and Wuhan cities during the tour, Zhao, chairman of China's National People's Congress (NPC) Standing Committee and also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, visited grassroots-level liaison offices for contact with People's Congress deputies, enterprises, villages and farmers' homes, having face-to-face exchanges with local People's Congress deputies and members of the public, and extensively hearing their opinions and suggestions on the draft work report of the NPC Standing Committee and high-quality development of the work of People's Congresses.

He emphasized that People's Congresses should perform their duties in accordance with law and better serve the country's major policy decisions. As the Fourth Session of the 14th NPC will be held in Beijing in March, it is imperative to conduct such activities as organizing People's Congress deputies to study draft laws and conduct inspection and research, and ensure that People's Congress deputies will fulfill their legal duties well.

He also highlighted the need to improve the quality of legislation, enhance the effectiveness of supervision, and carry out law popularization and education at the grassroots level.