中方连抛3820亿美债，巴菲特清空中企股票，中美经济博弈的金融暗战

Group 1 - China has sold $53.7 billion of U.S. Treasury bonds over four months, reducing its holdings to a ten-year low of $730.7 billion, indicating a strategic shift in response to U.S.-China economic tensions [1][3] - The reduction in U.S. Treasury holdings is part of a long-term strategy by China, which has alternated between increasing and decreasing its holdings, with a significant focus on reducing exposure to U.S. assets [3][8] - The U.S. national debt has surpassed $37 trillion, raising concerns about fiscal sustainability, while the freezing of Russian assets has heightened global apprehension regarding the safety of dollar-denominated assets [3][10] Group 2 - Warren Buffett's Berkshire Hathaway has divested its 17-year stake in BYD, coinciding with a decline in the company's energy transportation profits and insurance underwriting profits, reflecting a broader shift from Chinese to U.S. assets [5][6] - The divestment from BYD began in August 2022 and was completed in the first quarter of 2025, yielding a return of 3890% on the initial investment of $230 million [6][8] - Following Buffett's exit, foreign investment institutions began to reduce their exposure to Chinese stocks, particularly in the renewable energy sector, leading to a significant drop in BYD's stock price [5][8] Group 3 - The financial strategies of China and Buffett's actions reflect a mutual desire to reduce dependence on each other's economic systems, contributing to a broader trend of "de-dollarization" [8][12] - The International Monetary Fund estimates that a complete economic decoupling between the U.S. and China could shrink global GDP by 7%, equating to a loss of $7.4 trillion [10] - The ongoing financial tensions have led to significant shifts in global supply chains, with Southeast Asian countries benefiting from the reallocation of investments and trade [10][12] Group 4 - The trend of central banks increasing gold purchases has reached a historical high, with global demand for gold totaling 4,974 tons in 2024, indicating a shift towards alternative assets [12] - The U.S. dollar's dominance is being challenged, with countries exploring alternatives for cross-border payments, although a complete abandonment of the dollar is unlikely in the short term [12] - The financial adjustments by both China and Buffett illustrate the ongoing transformation of the global economic landscape, driven by the interplay of national security and market logic [12]