中方开始掀桌子，再抛257亿美债，美国大动脉被切，逼出2个接盘国

Group 1 - China's significant reduction of US Treasury holdings by $25.7 billion in July, bringing total holdings down to $730.7 billion, the lowest since 2009 [1] - In 2013, China held over $1.3 trillion in US Treasuries, indicating a nearly halved position over the past decade [3] - The decline in US Treasury holdings is a long-term, planned adjustment rather than a sudden decision [5] Group 2 - The deterioration of the US fiscal situation, including rising government debt and increasing fiscal deficits, has weakened investor confidence in US Treasuries [7][8] - Rising yields on long-term US Treasuries, which have surpassed 4%, reflect increased risk perceptions regarding the US's ability to repay debt [10] - China's gradual reduction of US Treasury holdings is a rational choice to diversify risk, avoiding market volatility while ensuring asset safety [12] Group 3 - China is actively pursuing a strategy of de-dollarization, seeking alternatives to the US dollar in international trade [14][16] - Initiatives include promoting RMB settlements in energy trade and establishing currency swap agreements with various countries [16] - The creation of a cross-border RMB payment system provides a backup channel for international transactions, enhancing financial security [18] Group 4 - China's adjustments in foreign exchange reserves include increasing holdings in gold and strategic resources, aiming for a more robust reserve structure [20] - These measures contribute to a financial safety net for China and may serve as a model for other emerging market countries [21] - The declining attractiveness of US Treasuries raises questions about who will absorb the reduced demand, as countries like Japan and the UK continue to increase their holdings [23][25] Group 5 - Japan and the UK, despite previous reductions, are increasing their US Treasury holdings, suggesting political motivations behind these decisions [25][27] - The US Treasury market is increasingly influenced by political factors, with allies expected to demonstrate loyalty through financial commitments [27][29] - The shrinking pool of buyers for US Treasuries poses long-term risks, particularly if key allies face economic challenges [31]