AlthoughU.S. TreasuriesThe scale showed a continuous growth trend, reaching a staggering 33$93 trillion, but central banks are gradually**U.S. Treasuries, China has sold $97.5 billion for seven consecutive monthsU.S. Treasuries。In response, some U.S. congressmen could not help but propose the confiscation of those held by ChinaU.S. Treasuries。Although the United States has not yet taken action, it has also raised concerns aboutU.S. TreasuriesConcerns about the risks that may be exposed to the holding country. This article will be sold from ChinaU.S. TreasuriesThe current situation of ChinaReservesand the views of U.S. congressmen to provide readers with a comprehensive understanding.
China is the second largest foreign creditor of the United States, but it has recently held in ChinaU.S. TreasuriesBut the scale is decreasing. Since the beginning of this year, China has sold $97.5 billion for seven consecutive monthsU.S. Treasuries。This behavior is mainly due to the fact that many overseas countries have **U.S. Treasuriesto preventU.S. TreasuriesYields riseU.S. Treasuries**Risk of a significant decline. At the same time, China is also actively improvingForeign exchange reservesstructure, large-scaleOverweightReservesto further reduceU.S. TreasuriesInForeign exchange reservesin the specific gravity.
China's ** behavior against the United StatesEconomyand dollar hegemony will have a non-negligible impact. China's exports to the United States are huge, and China's high-quality and low-cost goods play an important role in reducing inflation in the United States. In addition, China holds more than 700 billionU.S. TreasuriesOnce China sells sharply, it will trigger a butterfly effect on the market for the United StatesEconomyand the hegemony of the US dollar. Therefore, the United States needs to seriously consider the issue of practical interests and weigh the benefits and risks.
I improve it vigorouslyForeign exchange reservesThe structure of the PBOC for 13 consecutive monthsOverweight, itsReservesThe volume has already reached 2226 tons. As a safe-haven asset and highly liquid asset, central banks are favored by central banks, and their purchases are widespread around the world. ChinaOverweightThe intensity is very strong and will probably continueOverweightfor further improvementForeign exchange reservesStructure.
ReservesThe increase hedged against China**U.S. TreasuriesThe risks brought by it also reduce the impact on the United StatesTreasury bondsThe degree of dependence on business reserves. By increasingReservesChina can not only maintain and increase its value, but also help enhance its international discourse and financial stability. This move is not only a strategic decision made in accordance with the needs of market development, but also reflects the central bank of ChinaRisk managementConscious.
Despite the $769.7 billion held by ChinaU.S. TreasuriesIt is still the second largest foreign creditor of the United States, but that does not mean that China's holdings are completely safe. Some U.S. lawmakers have proposed freezing and confiscating China's holdingsU.S. Treasuries。Although no action has been taken yet, the proposal has sparked concern about ChinaU.S. TreasuriesConcerns about holding risk.
If the United States takes such a move, it will certainly be a blow to both China and the United StatesEconomyThe relationship has had a huge impact. between China and the United StatesEconomyand ** contact compared toUS-RussiaThe connection is more complex, as China's exports to the United States are huge, and the affordability of its products is important for the United States to reduce inflation. And China holds a large amountU.S. Treasuries, if confiscated, will be confiscated to the United StatesEconomyand the hegemony of the US dollar.
However, the fiscal problems facing the United States may limit its aggressive actions on the debt issue. AmericanFiscal deficitsIt is already rising and could reach $2 trillion next year. If U.S. income can't cover expensesFunding chainFracture,United States**You may be forced to look for new money** or consider whether to pay off old accounts. Therefore, the outside world generally believes that there are many practical interests in the proposition of US congressmen that need to be carefully considered.
China sold $97.5 billion for seven consecutive monthsU.S. Treasuries, showing that China is improvingForeign exchange reservesStructuring, determination to mitigate risks. At the same time, China constantlyOverweightReservesto lower the pairU.S. Treasuriesdegree of dependence. However, some US lawmakers proposed to confiscate those held by ChinaU.S. Treasuries, raising concerns about the relationship between China and the United States. Although there are still uncertainties in today's situation, in the context of close economic and trade ties between China and the United States, it is inevitable that both sides will maintain a stable and rational approach. It is only through dialogue and cooperation on an equal footing that the differences between the two sides can be effectively resolved and for the benefit of the whole worldEconomyStability makes a positive contribution.