东大持续抛售3800亿美债；特朗普公开警告：美国政府有可能停摆！

Core Insights - The urgency of the U.S. in Sino-U.S. trade negotiations is highlighted by significant Chinese sales of U.S. Treasury bonds, with China selling approximately $53.7 billion (about 382 billion RMB) in the first seven months of the year [1][2][3] - In July alone, China sold $25.7 billion (approximately 182.9 billion RMB) in U.S. Treasuries, bringing its total holdings down to $730.7 billion, the lowest level since 2019 [1][3] Group 1 - China's large-scale reduction of U.S. Treasury holdings has reached a new low not seen since 2009, indicating a significant shift in international capital flows [2][3] - The reduction in U.S. Treasury holdings by China could exacerbate market fears and potentially trigger a wave of selling, impacting U.S. fiscal stability and the dominance of the dollar [5][6] - The U.S. government is facing budgetary challenges, with a potential government shutdown looming if bipartisan agreement on the budget is not reached by the October 1 deadline [5][6] Group 2 - The reliance of the U.S. on borrowing is acknowledged, with measures such as tariffs and budget cuts being proposed to address fiscal issues, but these may not be sufficient to resolve underlying economic problems [7] - A call for comprehensive domestic reform and a cooperative global approach is suggested as necessary for the U.S. to stabilize its economic situation [7]