Sou Hu Cai Jing·2025-09-23 22:55Group 1 - The core issue of the article revolves around the significant reduction of U.S. Treasury holdings by China, which has reached a new low, indicating a potential shift in investment strategies amid ongoing trade tensions [2][8][23] - In the first four months of the year, China has sold off a total of $57.3 billion in U.S. debt, with a notable $25.7 billion reduction in July alone, marking the highest reduction this year [8][6][24] - The article highlights a broader trend of "de-dollarization" among global nations, as they increasingly turn to gold and other assets to mitigate risks associated with U.S. policies [8][10][14] Group 2 - Warren Buffett's recent decision to sell all his shares in BYD, after holding them for 17 years, is interpreted as a strategic move reflecting the changing dynamics in the global electric vehicle market [15][17][20] - The electric vehicle industry is perceived to be transitioning from a phase of rapid growth to a more stable development period, prompting investors like Buffett to cash out at perceived high points [17][19] - The article suggests that the uncertainty introduced by U.S. trade policies under the Trump administration has significantly impacted investor sentiment and strategies within the automotive sector [19][22]