中国抛售257亿美债，特朗普发出警告，美国政府或在10月1号就关门

Core Viewpoint - China has been actively reducing its holdings of U.S. Treasury bonds, selling $25.7 billion in July, bringing its total holdings down to $730.7 billion, the lowest level since 2009 [1][3]. Group 1: China's Actions - In 2022, China sold $173.2 billion in U.S. Treasury bonds, followed by $50.8 billion in 2023, and an additional $57.3 billion by July 2024 [3]. - The recent large-scale sale of over $200 billion indicates China's firm stance on reducing its U.S. bond holdings due to concerns over the reliability of U.S. economic and fiscal policies [3][5]. Group 2: U.S. Economic Concerns - The stability of the U.S. economy and government finances is crucial for maintaining confidence in the dollar and U.S. Treasury bonds [5]. - Concerns about a potential government shutdown due to budget disagreements between Democrats and Republicans have been raised, with a deadline approaching on September 30 [7]. Group 3: Global Financial Trends - The share of the dollar in global foreign exchange reserves has declined from over 70% in 2000 to 57.7% currently, indicating a downward trend in dollar dominance [13]. - Countries are increasingly seeking alternatives to the dollar for transactions, as evidenced by initiatives like the INSTEX system in the EU and currency swap agreements between China and the European Central Bank [13]. Group 4: Geopolitical Implications - The reduction of U.S. Treasury holdings by major buyers like China sends a significant signal to the U.S., indicating a shift in financial power dynamics [17]. - The use of financial instruments as a means of political leverage has transformed the nature of international relations, with countries exploring ways to reduce reliance on the dollar [15].