Keeping with the Bo'ao Forum and a major topic of discussion is the ongoing trade friction between China and the US. There's been some speculation that China might sell US government bonds in retaliation. But a Chinese economist says there is little chance of that happening.

ZHANG YUYAN, DIRECTOR INSTITUTE OF WORLD ECONOMICS AND POLITICS "China holds US bonds worth over one trillion dollars. If we sell them, the interest rate in the US will go up. It will influence the value of the dollar. Investors will also be affected. I think we cannot exclude the possibility, but the chance is slim. I think when we deal with this trade friction, we should separate trade from finance. Separating the two would be helpful in dealing with the current disputes. If we don't separate the two, and instead we extend the issues to the financial sector, then the problem will escalate limitlessly, and become even more difficult. The separation will help the two sides, especially the US side, to deal with the problems rationally."