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As President Donald Trump is taking a tough stance against China on trade, investors are keeping a close eye on China's holdings of US treasuries. But market analysts say China is unlikely to use dumping US treasuries as a tool for retaliation, as it would come at a heavy cost to both countries.

As businessman Trump rose to become the Republican Party nominee in the 2016 presidential election, his brash style and outspoken views on immigration and other policies led to mass protests, including on the weekend of his inauguration in January.

As a cattle rancher, Bonds said she is against any trade war because agriculture is always the loser in one.

As business in China has gradually returned to normal, the country is now playing the role of a "stabilizer" for the global economy while contributing to the global fight against the pandemic.

As a rising developing country, China will continue to make contributions to globalization and free trade. Meantime, the nation should also build a more balanced trade structure by relying less on exports to the US and increasing exports to member countries of the Association of Southeast Asian Nations, as well as countries and regions involved in the Belt and Road Initiative.