Core Insights - Since 2022, China has cumulatively reduced its holdings of U.S. Treasury bonds by $309.6 billion, coinciding with a government shutdown crisis in the U.S. [1][7] - The U.S. government shutdown is a result of long-standing partisan divisions, leading to budgetary deadlocks that prevent funding [3][5] - The reduction in U.S. Treasury bond purchases by the Federal Reserve, due to inflationary pressures, has exacerbated the fiscal situation of the U.S. government [6][7] Group 1: U.S. Government Shutdown - The shutdown is not an isolated incident but a culmination of ongoing political polarization, making it difficult for parties to reach a compromise on fiscal policies [5][6] - The shutdown has significant implications, including the suspension of government services and unpaid leave for federal employees [3][5] Group 2: China's Reduction of U.S. Treasury Bonds - China's reduction of U.S. Treasury bonds is a strategic decision based on a thorough analysis of the current international economic landscape, reflecting concerns over U.S. fiscal sustainability and monetary policy uncertainty [8][10] - The cumulative reduction includes $173.2 billion in 2022, $50.8 billion in 2023, $57.3 billion in 2024, and $28.3 billion in early 2025, bringing China's remaining U.S. Treasury holdings to $730.7 billion, the lowest since 2009 [7][8] Group 3: Strategic Implications - The shift in China's investment strategy is influenced by the changing global economic landscape and increasing tensions in U.S.-China relations, prompting a reassessment of its previous reliance on U.S. Treasury bonds [10][12] - China's growing economic and international influence positions it as a significant player in global trade and finance, which is recognized by U.S. officials, including former President Trump, who called for negotiations with China during the shutdown [12][13]
中方连抛3096亿美债,美政府正式关门,专家坦言:中国王牌奏效
Sou Hu Cai Jing·2025-10-04 02:45