In talks with Clinton, China will ask for a guarantee that the U.S. will support the dollar’s exchange rate and make sure China’s dollar-denominated assets are safe. That would be one of the prerequisites for more purchases.

He Zhicheng, an economist at Agricultural Bank of China

The government will be a net buyer of Treasuries in the short term because there’s no sign they have changed their strategy. But personally, I don’t think we should increase holdings because the medium- and long-term risks are quite high.

Zhang Ming, secretary general of the international finance research center at the Chinese Academy of Social Sciences in Beijing.

[China] should diversify its reserves away from U.S. Treasuries if the value of China’s foreign-exchange reserves is in danger of being inflated away by the U.S. government’s pump- priming.

—Yu Yongding