Group 1 - China has significantly reduced its holdings of US Treasury bonds, dropping from a peak of $1.3 trillion to below $700 billion, while simultaneously increasing its gold reserves for 15 consecutive months [1][3] - The US is facing a severe debt crisis, with federal government debt exceeding $38 trillion, accounting for at least 35% of global government debt, and a per capita debt of $110,000 [1][2] - The rising interest rates on US Treasury bonds, with the 10-year yield surpassing 4.2%, indicate a lack of stability in the market, leading to a situation where the US must borrow to meet basic expenditures [2][3] Group 2 - The shift in China's strategy reflects a move away from reliance on the US dollar and Treasury bonds towards diversifying investments and reducing risk, with gold being positioned as a stable asset [3] - Other countries, including European nations, India, and some Middle Eastern countries, are also reducing their US Treasury holdings, contributing to a broader trend of "de-dollarization" [3] - The perception of US dollar assets as safe has diminished, prompting a reconfiguration of the global monetary system with an emphasis on risk diversification and the internationalization of the Chinese yuan [3]
美债真的暴雷了?中国持仓跌破6800亿,美元霸权要变天了!
Sou Hu Cai Jing·2026-02-17 11:41