Affected by the continuous appreciation of the US dollar, our country's foreign reserves have decreased by 26.4 billion US dollars.

However, at the same time, we have also actively sold off US debt by as much as 61.7 billion US dollars.

The United States always wants to avoid economic crises by harvesting other countries. China has clearly proposed to develop into a financial powerhouse. Who will be the last to laugh?

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From the official data released, we can see that by the end of October, our country's foreign exchange reserves have decreased by 26.4 billion US dollars compared to the beginning of this year, which is closely related to the appreciation of the US dollar.

China's foreign exchange reserves include a variety of currency assets. Due to the continuous appreciation of the US dollar, the value of other non-US currencies has relatively declined, leading to a reduction in assets other than the US dollar in our country's foreign reserves.

A clear example is the Japanese yen, which has fallen by nearly 15% this year. This decline has led to a reduction in the value of assets other than the US dollar in our country's foreign reserves when converted to US dollars.

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It should be noted that this is only a loss in exchange rate conversion, not a real loss of assets. When non-US currencies depreciate, although the value decreases when converted to US dollars, the actual asset value has not substantially decreased.

Moreover, the amount of reduction is relatively small. From the beginning of this year to now, foreign exchange reserves have decreased by 26.4 billion US dollars, which is less than 1% of the total reserve scale of more than 3.1 trillion US dollars.

Therefore, it can be said that the reduction of foreign exchange reserves has a limited impact on the overall stability of China's economy.Our foreign exchange reserves have been passively reduced, but at the same time, we have actively sold U.S. Treasury bonds.

From January to August, the proportion of U.S. Treasury bonds we have sold cumulatively exceeded 7%, with a total amount reaching $61.7 billion, which is more than the reduction in foreign exchange reserves.

It can be seen that our reduction efforts are very strong. However, for the current U.S. Treasury bonds that have exceeded 33 trillion, the proportion is also very small.

But don't underestimate this small proportion, its impact on the United States is still very large, and it has set an example for other countries, especially arousing other countries' consideration of the value of U.S. Treasury bonds.

U.S. Treasury bonds have always been regarded as a choice for long-term investment by various countries, and for the U.S. Treasury Department, governments holding U.S. Treasury bonds are one of the most stable investors.

In recent years, governments have frequently sold U.S. Treasury bonds, leading to a continuous decline in the price of U.S. Treasury bonds.

Although some institutions may take advantage of the rise in U.S. Treasury bond yields for short-term investments, these funds are often just chasing rebounds and will quickly withdraw regardless of profit or loss, which does not meet the expectations of the U.S. Treasury Department.

In fact, an increasing number of countries around the world are also reducing or even selling U.S. Treasury bonds, reflecting doubts about the hegemonic status of the U.S. dollar and concerns about U.S. Treasury bonds.Nowadays, the phenomenon of selling off U.S. debt has led to difficulties in issuing U.S. debt. In the past, the large amount of bonds issued by the U.S. government could quickly find buyers, one of the important reasons is the global demand for the U.S. dollar is very large.

As countries reduce their use of the U.S. dollar, especially in seeking other currencies for trade settlement, the attractiveness of U.S. debt has greatly decreased.

This makes it more difficult for the U.S. government to issue bonds and it must take more measures to attract investors, such as raising interest rates or increasing bond repurchase programs.

Moreover, the selling off of U.S. debt has led to a continuous decline in U.S. debt prices. A large amount of selling behavior means an oversupply, and a decrease in demand, which has impacted the U.S. debt market.

As the scale of selling increases, the price of U.S. debt continues to fall, causing countries and institutions holding U.S. debt to face losses. This further highlights the instability of the U.S. debt, the world's largest bond market.

More importantly, the phenomenon of selling off U.S. debt reflects the transformation of the global monetary system. The U.S. dollar has always been the main currency for international settlement.

However, in the current global economic pattern, countries around the world are promoting their own currencies or using non-U.S. currencies for trade settlement.

This trend is not only reflected in the selling off of U.S. debt, but also in the Middle East oil-producing countries gradually using other currencies for oil settlement, such as the Chinese yuan and the euro.