美债如烫手山芋，中国果断抽身，加拿大“背刺”，美国危机在倒数

Group 1 - The myth of the U.S. Treasury market is collapsing, as evidenced by China's recent reduction in U.S. Treasury holdings by $11.8 billion, marking a new low since 2008 with a total balance of $688.7 billion, undermining the notion of "rigid demand" for U.S. Treasuries [1] - Canada has also significantly reduced its U.S. Treasury holdings by $56.7 billion, indicating a more aggressive stance than China, highlighting the reality of capital movements over economic cooperation and alliances [3]