Chinese stocks and bonds experienced significant drops as the trade conflict between the US and China escalated.The onshore CSI 300 index saw a 7.6% decline, the largest in over five years.Investors are concerned about the economic impact of the trade conflict and potential risks like currency devaluation.Chinese government bonds surged as investors sought safer assets amid tariff fears.Beijing may be considering weakening the yuan to support growth in response to tariffs.Stimulus measures are being discussed to mitigate the impact of tariffs on China's economy.Chinese markets are volatile as investors react to the escalating trade tensions and potential tariff impacts.The response to US tariffs by Chinese officials has raised concerns about further escalations and global economic repercussions.Asian markets experienced broad declines as uncertainty and risk aversion gripped investors.There is a sense of panic selling and uncertainty in the markets as investors navigate the turbulent trade landscape.