中国抛美债280亿！保尔森来华碰一鼻子灰，美国急得直跺脚

Core Viewpoint - China has reduced its holdings of US Treasury bonds for three consecutive months, totaling a reduction of $28 billion, signaling a shift in its investment strategy and a response to the changing global financial landscape [1][3][6]. Group 1: China's Actions on US Treasury Bonds - In May, China cut its US Treasury bond holdings by $900 million, following reductions of $18.9 billion in March and $8.2 billion in April, leading to a total decrease of $28 billion over three months [1][3]. - China's current holdings of US Treasury bonds stand at $756.3 billion, down 42% from its peak, with the proportion of US debt in its foreign reserves dropping from 11.2% to 4.3% [3][6]. - The reduction in US Treasury holdings coincides with a significant increase in China's gold reserves, which have reached a historical high of 73.83 million ounces, indicating a strategy to diversify and secure financial stability [3][6][7]. Group 2: Global Context and Reactions - While China is reducing its US Treasury holdings, other major economies are increasing theirs, with Japan adding $500 million, the UK $1.7 billion, and Canada a record $61.7 billion [3]. - The visit of former US Treasury Secretary Henry Paulson to China was interpreted as an attempt to persuade China to reconsider its stance on US debt, highlighting the urgency of the situation for the US [5][6]. - The timing of China's bond sell-off aligns with a downgrade of US debt ratings by Moody's and rising yields on 10-year Treasury bonds, suggesting a strategic message to the global market about the risks associated with US debt [6][7]. Group 3: Shift in Global Monetary Dynamics - The trend of de-dollarization is gaining momentum, with countries like Brazil and Argentina exploring alternative currencies for trade, and the use of the Chinese yuan in international transactions increasing significantly [6][7]. - China's actions reflect a broader strategy to establish a new monetary order, moving away from reliance on the US dollar, as evidenced by the growing share of yuan-denominated trade [7]. - The shift in China's investment strategy is not merely a reaction to current events but part of a long-term plan to enhance its financial sovereignty and reduce vulnerability to US monetary policy [7].