Reuters reports on the matter, citing a document from the White House

US China

It is reported that the US has asked all government agencies for details of any funding that either supports or counters China and its business practices, amid escalating tensions between the two countries.

The White House Office of Management and Budget is said to have asked US agencies for data on "federal funding that aids or supports China, or that directly or indirectly counters China's unfair competition and malign activities and influence globally".

The deadline to submit such data is reported to be by 21 September.

That said, there is no specific mention on how the data or information gathered will be put to use but one can guess how that may play out considering how relations are developing between the two countries at this point in time.

With China threatening to potentially cut its holding of Treasuries by 20%, it certainly is making for some interesting developments in US-China tensions to wrap up the week.