Core Viewpoint - China's reduction of U.S. Treasury holdings is a strategic move reflecting a reassessment of U.S. debt risks, contrasting with other countries that have increased their holdings [1] Group 1: China's Actions - China has cumulatively reduced its U.S. Treasury holdings by over 9% this year, falling below the $700 billion mark [1] - The strategy of small, multiple reductions helps avoid a significant market impact while maintaining leverage in negotiations [1] Group 2: Global Context - In contrast, Japan increased its holdings by $10.7 billion and the UK by $13.2 billion, with the UK surpassing China to become the second-largest holder of U.S. Treasuries [1] - The global capital attitude is diverging, indicating a broader concern regarding the sustainability of U.S. economic performance and the credibility of its financial data [1] Group 3: U.S. Economic Concerns - Persistent high fiscal deficits and fluctuating Federal Reserve interest rate expectations are contributing to rising credit premiums on U.S. Treasuries [1] - The reduction in holdings serves as a preemptive measure against potential economic risks, while also signaling concerns about the credibility of U.S. debt [1]
特朗普已签字,中方抛售美债,白宫输得精光!马斯克:美基本没救
Sou Hu Cai Jing·2025-12-23 12:27