中国加速减持美债，美国4招试图救市，西方专家：干预对中国无效

Core Viewpoint - The article discusses the growing trend of countries, particularly China, reducing their holdings of U.S. Treasury bonds as a response to U.S. policies, which could undermine the dollar's dominance and lead to a global de-dollarization movement [1][3]. Group 1: China's Actions - China has been reducing its U.S. Treasury bond holdings for 14 consecutive months, with a notable acceleration in sales, bringing its holdings down to $682.6 billion by the end of November, the lowest level since 2008 [1]. - The method of China's bond reduction involves lending dollars as low-interest loans to developing countries, facilitating repayments in renminbi through currency swap agreements, thereby promoting the internationalization of the renminbi [5]. Group 2: U.S. Response Strategies - In response to the potential crisis in U.S. Treasury bonds, experts predict that the U.S. government and the Federal Reserve may employ four strategies: printing money and lowering interest rates, legislating to tie stablecoins to short-term Treasury bonds, revaluing gold reserves at market prices, and pressuring allies like Japan and Europe to purchase more U.S. debt [3]. - The effectiveness of these strategies is diminishing due to rising U.S. fiscal deficits and the abandonment of allies by the Trump administration, raising concerns among economic experts about their potential ineffectiveness against China's actions [3].