欠中国的钱越来越少，美国却越来越焦虑了！美媒：17年来最低

Core Viewpoint - China's holdings of US Treasury bonds have decreased significantly, dropping to $688.7 billion in October, a reduction of $11.8 billion from September, marking the lowest level since 2008, raising concerns about the stability of the US debt market [2][4][5] Group 1: China's Actions - China has been diversifying its foreign exchange reserves since 2019, reducing its reliance on US Treasury bonds to manage risks associated with currency depreciation and geopolitical tensions [5][7] - The recent reduction in US Treasury holdings is a strategic move by China to avoid overexposure to a single asset class, reflecting a long-term plan rather than a reactionary measure [2][5][8] Group 2: Global Implications - The decrease in China's holdings has led to a slight overall decline in foreign ownership of US Treasury bonds, which fell by $5.8 billion to approximately $9.24 trillion in October, indicating potential instability in the US debt market [4][6] - Japan and the UK have increased their holdings of US Treasury bonds, with Japan adding $10.7 billion and the UK $13.2 billion, suggesting a shift towards a more localized support system for US debt amid concerns over broader foreign investment [4][5] Group 3: Market Reactions - The media has reacted strongly to China's reduction in Treasury holdings, with reports highlighting the potential risks to US fiscal stability and the implications for borrowing costs if other countries follow suit [2][4][8] - The volatility in the US debt market is expected to increase following China's actions, as investor confidence shifts from blind faith to a more cautious approach, impacting the overall financing environment for the US government [7][8]