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China warns it will punish US for Taiwan arm sales with 'financial weapon'

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Now is the time for China to use its “financial weapon” to teach the United States a lesson if it moves forward with a plan to sale arms to Taiwan. In fact, China has never wanted to use its holdings of US debt as a weapon. It is the United States that is forcing it to do so. The US House of Representatives just passed a debt ceiling bill on Aug. 1. On the next day, a total of 181 members... 
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