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又减持189亿美元,中国持有美债规模下降至第三,被谁取代了?
Sou Hu Cai Jing·2025-05-17 08:40

Core Points - China has reduced its holdings of US Treasury bonds by $18.9 billion, bringing its total to $765.4 billion, making it the third-largest holder behind Japan and the UK [1][3] - Japan has increased its holdings by $4.9 billion to $1.1308 trillion, maintaining its position as the largest foreign holder of US debt [1][2] - The UK has significantly increased its holdings by $29 billion to $779.3 billion, surpassing China for the first time in over 20 years [2][3] Group 1 - In March, China sold $18.9 billion in US Treasury bonds, continuing a trend of reduction that has seen it decrease its holdings by $173.2 billion in 2022, $50.8 billion in 2023, and $57.3 billion in 2024 [3] - The UK’s increase in US Treasury holdings reflects a strategic move to strengthen ties with the US, indicating that the motivations extend beyond mere investment [2][3] - As of March, the total overseas holdings of US Treasury bonds increased by $233.1 billion to $9.05 trillion, despite China and Ireland being the only two countries to reduce their holdings [3][5] Group 2 - The US national debt has surged from $22.7 trillion at the end of 2019 to $36.2 trillion, with debt interest payments projected to reach $882 billion in the 2024 fiscal year, a 33.7% increase [7][8] - The proportion of US debt held by foreign investors has decreased from approximately 30% at the end of 2019 to an estimated 24% by the end of 2024, indicating a shift in the ownership landscape [10] - The rising interest rates on US Treasury bonds, with 10-year yields surpassing 4.5% and 30-year yields nearing 5%, suggest a complex market reaction to the ongoing debt situation [5][6]