中美博弈开始动真格了！中国抽走美债筹码，美国将面临大麻烦！

Group 1 - China reduced its holdings of US Treasury bonds by $8.2 billion in April, bringing its total holdings down to $757.2 billion, the lowest level in nearly 16 years [1] - Since April 2022, China's US Treasury holdings have remained below $1 trillion, with significant reductions of $173.2 billion in 2022, $50.8 billion in 2023, and $57.3 billion in 2024 [1] - The US national debt has surpassed $36 trillion, with a debt-to-GDP ratio of approximately 122.3%, projected to rise to 150% by 2028, indicating a severe fiscal burden on the US economy [3] Group 2 - The US government's annual interest payments on its debt exceed military spending, highlighting the fiscal challenges it faces [3] - Moody's downgraded the US sovereign rating from Aaa to Aa1 in May 2025, raising concerns about the US's debt repayment capacity [3] - The reduction of US Treasury holdings by China is seen as a necessary risk mitigation strategy to avoid potential losses from US debt [4] Group 3 - The decline in demand for US Treasuries due to China's sell-off could lead to falling prices and rising yields, increasing the financing costs for the US government [6] - Higher yields on US Treasuries could suppress investment and consumer spending, potentially slowing down economic growth and increasing the risk of recession [6][7] - The instability in the US Treasury market could impact the broader financial system, leading to capital outflows and asset price declines in other markets [7] Group 4 - The trend of reducing US Treasury holdings aligns with the global movement towards "de-dollarization," as countries seek alternatives to the US dollar in international trade [7] - China's actions reflect a strategic response to the challenges posed by US financial dominance and debt issues, indicating a shift in the balance of power in international finance [9]