美债犹如一颗“炸弹”，中国大幅度减持规避风险

Group 1 - China has significantly reduced its holdings of US Treasury bonds, selling $11.8 billion in October, bringing its total holdings to $688.7 billion, the lowest since 2008 [2][5] - The reduction in US Treasury holdings by China has been increasing since 2025, with notable sales of $18.9 billion, $8.2 billion, and $2.9 billion from March to May, followed by a substantial $25.7 billion in July [2] - In contrast to China's actions, Japan and the UK have increased their holdings of US Treasury bonds, highlighting China's unique position in the current market [2] Group 2 - China was once the largest foreign holder of US debt, peaking at $1.32 trillion in November 2013, but has since reduced its holdings significantly [3] - The US national debt has been rapidly increasing, surpassing $32 trillion in June 2023 and projected to reach $38 trillion by June 2025, with interest payments expected to rise significantly [3] - The rising interest payments on US debt have surpassed defense spending, raising concerns about the long-term sustainability of US financial strength [4] Group 3 - The ongoing reduction of US Treasury holdings by China signals a loss of confidence in US debt, with implications for global financial stability [5] - There is a possibility that China may continue to sell over $100 billion in US Treasury bonds in the foreseeable future, indicating a strategic move in its economic relationship with the US [6]