再抛462亿美元，中国持有美债降至1万亿美元，为何要连续抛售？

Core Insights - The trend of reducing U.S. Treasury holdings by major countries, particularly China, is gaining attention as it reflects a shift in global economic strategies [1][3]. Group 1: China's U.S. Treasury Holdings - China's U.S. Treasury holdings have decreased to approximately $1 trillion as of April this year, marking a historical low [3]. - In April alone, China significantly reduced its holdings by $46.2 billion, and from December last year to March this year, the total reduction reached $31.3 billion [3]. Group 2: Reasons for Reducing Holdings - The aggressive interest rate hikes by the Federal Reserve since 2022 have raised concerns about the U.S. government's ability to manage its debt, with the two-year Treasury yield rising to 3.22% and the ten-year yield reaching 3.31% [7]. - The total U.S. national debt has surged past $30 trillion, exceeding the country's GDP, raising alarms about the sustainability of U.S. debt levels [7]. - High inflation rates in the U.S., which fluctuated from 8.5% in March to 8.3% in April and rebounded to 8.6% in May, are prompting countries to reduce their Treasury holdings to mitigate potential default risks [9]. Group 3: Global Trends in Treasury Holdings - Japan has also been reducing its U.S. Treasury holdings, selling $73.9 billion in March and another $14.9 billion in April, bringing its total holdings down to approximately $1.2 trillion [5]. - The UK reduced its holdings by $22.2 billion in April, contributing to a total reduction of $83.5 billion among China, Japan, and the UK in that month [5].