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And China still has many cards to play. It could, for instance, consider targeting the cross-border service trade in which the US enjoys a huge surplus with China. And US multinationals in China, which have pocketed tremendous profits in the world’s largest consumer market and account for a major part of China’s nominal trade surplus with the US, could also be a target if the Trump administration announces further tariffs targeting Chinese goods.

Analysts predict this year’s Prime Day will be the biggest in Amazon’s history, with revenue of about .5 billion expected. Amazon says Prime members saved more than .4 billion in discounts this Prime Day and the most popular item purchased globally was the Echo Dot.

An operator uses a hoist to lift a coil of aluminium at the Neuf-Brisach Constellium aluminium products company's production unit in Biesheim, Eastern France, April 9, 2018. [Photo/Agencies]

Anbang purchased New York's famed Waldorf Astoria Hotel in 2014. It also bought the Belgian banking operations of Dutch insurer Delta Lloyd NV, Belgian insurer Fidea Assurance and Dutch insurance company VIVAT.

Analysts said the scale of reserves will remain stable and could rise slightly in the coming months given fluctuations in global financial markets that may push up the value of the Treasury.