Video with English subtitles: “A $688 Billion Withdrawal: Why China Is Willing to Take Record Losses to Dump U.S. Treasuries?” 影片有英文字幕: 「6880億美元撤退：為何中國不惜創紀錄虧損，也要拋售美國國債？」

“The weaponization of the dollar in Ukraine was a wake-up call. Now, China’s strategy of ‘de-risking’ is mobilizing ASEAN, BRICS, and the Global South into a concerted dedollarization campaign. The silent verdict is in their vaults—central banks are buying gold, voting with their reserves for a less centralized financial future.” 美元在烏克蘭遭武器化，無異於一記警鐘。如今，中國的「去風險化」戰略正動員東協、金磚國家及全球南方，共同開展一場去美元化行動。無聲的判決藏在各國金庫中──央行正持續購入黃金，以儲備資產投票，迎向一個去中心化的金融未來。

https://rumble.com/v74d8gi-why-china-is-willing-to-take-record-losses-to-dump-u.s.-treasuries.html
https://www.tiktok.com/t/ZP8fkn7nu/

In this in-depth report, we expose a signal that almost no one is paying attention to—yet it may be the most critical indicator of escalating global conflict: China is accelerating its sell-off of U.S. Treasury bonds.

While media headlines fixate on aircraft carriers, military drills, and weapons displays, the real pre-war preparations have long been unfolding quietly in the sovereign debt market—slow, restrained, yet nearly irreversible.

Using the latest U.S. Treasury TIC data, this analysis explains:
• Why China has reduced its U.S. Treasury holdings to $688 billion, the lowest level since 2009;
• And why this is not a simple portfolio rebalancing, but a strategic decoupling.

We break down:
• Why sovereign debt reveals true intentions more clearly than military assets
• How China has cumulatively sold over $600 billion in U.S. Treasuries
• Why selling at a loss signals preparation, not panic
• How sanctions on Russia fundamentally reshaped China’s risk calculations
• Why U.S. allies are being forced to absorb China’s exit positions
• The rise of the “bag-holder alliance” (the UK, Belgium, Japan)
• Why the U.S. Treasury market is becoming a political market rather than an economic one
• Why bonds are no longer risk-free assets
• How China is converting paper claims into gold, oil, copper, and food
• What it really means to shift from financial reserves to physical strategic stockpiles

This is not a market event.
This is a geopolitical divorce.

When the world’s second-largest creditor begins to treat your debt as a liability, the system has already started to fracture—
it’s just that no one has officially admitted it yet.

在這份深度檔案中，我們揭露一個幾乎沒有人在關注、卻可能是全球衝突升級最關鍵的訊號：中國正在加速拋售美國國債。

當媒體頭條聚焦於航母、軍演與武器展示時，真正的戰前準備，早已在主權債券市場悄然展開緩慢、克制，卻幾乎不可逆。

透過最新的美國財政部 TIC 數據，本分析說明：
為何中國已將其美國國債持有量降至 6880 億美元，創下 2009 年以來新低；
以及為何這不是單純的資產配置調整，而是一場戰略性脫鉤。

我們將拆解：

為何主權債務比軍事資產更能揭示真實意圖

中國如何累計拋售 超過 6000 億美元 的美國國債

為何虧損出售代表的是準備，而非恐慌

對俄羅斯制裁如何徹底改變中國的風險計算

為何美國盟友被迫接手中國的退出部位

「接盤者聯盟」的崛起（英國、比利時、日本）

為何美國國債市場正在變成政治市場，而非經濟市場

為何債券已不再是無風險資產

中國如何將紙上債權轉換為黃金、石油、銅與糧食

從金融儲備轉向實體戰略庫存，究竟意味著什麼

這不是一場市場事件。
這是一場地緣政治的離婚。

當全球第二大債權國開始把你的債務視為一種負擔時，這個體系其實早已在崩裂, 只是，還沒有人正式承認而已。