American logistic expert reports from China video: Foreign investors disappear from US Treasury auctions, as China borrows at the lowest rates ever 美國物流專家從中國發回的報告影片：由於中國以歷史最低利率借款，外國投資者退出美國國債拍賣.

https://www.tiktok.com/t/ZP8kvrKm9/
https://youtu.be/9vGUt3P3geo?si=EejkDe9xQF1u1Gfj
https://rumble.com/v6xezaw-foreign-investors-disappear-from-us-treasury-auctions.html

A staggering $11 trillion in US government debt needs to be borrowed or refinanced over the next 12 months.

Treasury Department officials are faced with painful choices, whether to borrow at very high rates, locked in for ten years or longer? Or instead borrow for one year or less, but at massive volumes?

Foreign governments and pension funds are also showing far less interest in absorbing new US government bonds, and are demanding ever-higher yields to compensate for inflation and policy risk.

China’s government, however, can borrow at far below half the rate Washington pays, across all maturities. And Chinese companies are paying the lowest interest rates in their history to access new capital. That represents a long-term structural advantage to Chinese policymakers and industry..

未來12個月，美國政府債務高達11兆美元，需要藉入或再融資。

財政部官員面臨痛苦的抉擇：是藉入高利率、鎖定十年或更長時間的債券？還是藉入一年或更短時間、但規模龐大的債券？

外國政府和退休基金對吸收新的美國政府債券的興趣也大大降低，並且要求更高的收益率以彌補通膨和政策風險。

然而，中國政府可以以遠低於華盛頓利率一半的利率借入所有期限的債券。中國企業正在支付史上最低的利率來獲取新資本。這對中國政策制定者和產業而言，代表著長期的結構性優勢.