中方大手一挥，再抛118亿美债，加拿大动作更大，特朗普着手换将

Group 1 - China has sold $11.8 billion in U.S. Treasury bonds, reducing its holdings to $688.7 billion, the lowest level since the 2008 financial crisis [1][3] - Canada has also significantly reduced its U.S. Treasury holdings by $56.7 billion, reflecting a dramatic shift in its investment strategy [1][3] - The actions of both China and Canada indicate a strategic retreat from U.S. debt, driven by concerns over the stability of the U.S. economy and its financial practices [3][7] Group 2 - Japan and the UK have taken the opposite approach, with Japan increasing its holdings by $10.7 billion and the UK by $13.2 billion, indicating a different strategy in response to geopolitical dynamics [4] - The divergence in strategies among countries highlights that U.S. Treasury bonds are not just investment vehicles but also tools in international political negotiations [4] Group 3 - Trump's push for a new Federal Reserve chair who supports significant interest rate cuts reflects concerns over the U.S. national debt, which has surpassed $37 trillion [6][7] - The U.S. government's debt-to-GDP ratio has reached 126%, with projected deficits indicating a growing fiscal challenge [7] - The shift in global reserve assets shows a decline in the dollar's dominance, with the percentage of U.S. dollar reserves falling from 72% in 2000 to 57% in recent years, while gold's share has increased to 20% [7][9] Group 4 - China's reduction of U.S. Treasury holdings is part of a broader strategy to enhance its financial autonomy, as evidenced by a significant increase in gold reserves and the expansion of its digital currency initiatives [9] - The ongoing adjustments in foreign exchange reserves and asset allocations reflect a global shift in financial strategies, with countries reassessing their reliance on U.S. assets [9]