中国增持美国国债

Group 1 - As of June, foreign investors held a total of $9.1277 trillion in U.S. Treasury securities, an increase of $80.2 billion from the previous month [1] - China increased its holdings of U.S. Treasury securities to $756.4 billion, marking the first increase since March, with a slight rise of $1 million [1] - Japan remains the largest foreign holder of U.S. Treasury securities at $1.1476 trillion, having increased its holdings by $12.6 billion [1] Group 2 - The U.S. national debt has surpassed $37 trillion, a record high, with significant implications for American households, equating to $280,000 per household and $108,000 per person [2] - The expansion of the national debt is attributed to the "Big and Beautiful" act, which has loosened borrowing limits and reduced tax revenues, leading to soaring interest payments on the debt [2] - Concerns over debt and deficit pressures have led to criticism of the Federal Reserve by the Trump administration [2] Group 3 - A potential slowdown in the U.S. economy could lead to increased demand for U.S. Treasuries as risk appetite weakens, especially if stock market momentum diminishes [4] - Ongoing concerns about "stagflation" due to tariffs and fiscal sustainability may contribute to a weaker dollar, with high volatility expected in both the stock and bond markets [4] - Changes in interest rate volatility and asset correlation may impact the "safety premium" associated with U.S. Treasuries [4]