美拿航权要稀土？中国狂抛1829亿美债后囤金，全球央行跟风调整

Group 1: U.S.-China Relations and Rare Earths - U.S. Congress member threatens to restrict Chinese flights in the U.S. if China does not supply rare earths, highlighting U.S. reliance on China for 70% of global production and 90% of refining capacity [2] - In June, China suspended rare earth exports, increasing the risk of production line shutdowns in the U.S. and Europe [2] - U.S. legislative pressure increased in July, with the Biden administration banning Chinese rare earth magnets for defense applications by 2027 [2] Group 2: China's Financial Strategy - In July, China reduced its holdings of U.S. Treasury bonds by $25.7 billion, the largest monthly decrease in two years, bringing total holdings to $730.7 billion, the lowest since December 2008 [3] - From April 2022 to now, China has reduced its U.S. Treasury holdings by over $586 billion, a 45% decline [3] - China is diversifying its reserves away from the dollar, reducing its dollar share from 79% in 2015 to 58% by June 2025 [3] Group 3: Gold Reserves and Global Trends - China's gold reserves increased to 2,298 tons by August 2025, marking a continuous buying trend for 10 months [4] - The global trend of de-dollarization is accelerating, with countries like the EU and India increasing their use of alternative currencies for trade [5] - Central banks globally purchased 415 tons of gold in the first half of 2025, with 43% planning to continue buying [5] Group 4: U.S. Economic Impact - U.S. tariffs on rare earths have led to increased costs for American manufacturers, affecting electric vehicle production and consumer prices [8] - The U.S. is facing challenges in establishing alternative supply chains for rare earths, with experts suggesting it will take 5 to 10 years [2][8] - The U.S. Treasury's bond market is experiencing fluctuations, with the ten-year yield at 4.18% as of late September [10]