Group 1 - China has been strategically reducing its holdings of US Treasury bonds since 2016, with a record sell-off of $188 billion in that year to stabilize its financial market and mitigate risks from dollar fluctuations [2][10][17] - By 2022, China's holdings fell below $1 trillion, and as of early 2024, it further decreased to $775 billion after consecutive monthly reductions [4][10][19] - In contrast, Japan has been increasing its US Treasury bond holdings, reaching $1.1679 trillion, which has led to a depreciation of the yen and increased economic pressures domestically [6][8][21] Group 2 - The US national debt is projected to exceed $34 trillion in 2024, with interest payments nearing $1 trillion, raising concerns about fiscal sustainability [12][14] - The debt-to-GDP ratio is expected to reach 124.3% in 2024, marking a historical high, while the federal deficit for 2025 is estimated at $1.9 trillion [12][14] - Elon Musk has publicly warned about the risks of the growing US debt, suggesting that it could undermine the value of the dollar and lead to a potential economic crisis [12][14][23] Group 3 - The US Treasury bond market is facing challenges as foreign holdings, particularly from China and Japan, are declining, which complicates the situation for potential buyers [19][23] - The Federal Reserve's high interest rates are attracting global capital back to the US, but this has adverse effects on other economies, particularly Japan, which is struggling with rising import costs and inflation [6][8][10] - China's approach to diversifying its foreign exchange reserves away from US Treasury bonds has been seen as a prudent strategy, allowing it to maintain economic stability while navigating global financial pressures [10][19][23]
还剩7750亿元,中国加速清理美债,马斯克警告:美元或将一文不值
Sou Hu Cai Jing·2025-09-15 10:49