Episode Details

Economists and policy advisers have said that it is a strategic necessity for China to further scale back holdings in United States government debt in order to safeguard national financial stability, amid waning confidence in the dollar-based system and persistent geopolitical tensions.

经济学家和政策顾问表示，在对以美元为基础的体系的信心减弱和持续的地缘政治紧张局势下，中国进一步缩减对美国政府债务的持有是一种战略必要性，以维护国家金融稳定。

To pursue a more balanced, controllable allocation of foreign exchange reserves, the country is also likely to increase investments in non-dollar assets, including financial instruments of its Asian trading partners and crucial resources such as gold, energy and food, they added.

他们补充说，为了实现更平衡、更可控的外汇储备分配，中国还可能增加对非美元资产的投资，包括其亚洲贸易伙伴的金融工具以及黄金、能源和粮食等关键资源。

Yu Yongding, an academic member of the Chinese Academy of Social Sciences, called for China to continue reducing US government debt holdings in an orderly manner.

中国社会科学院院士余永定呼吁中国继续有序减持美国国债。

"The ideal approach would be to increase imports and utilize the excess foreign exchange reserves to purchase high-tech capital goods and strategic materials. This could require China to narrow its trade surplus, move toward a basic balance in the trade of goods and services, or even run a trade deficit for a while."

“理想的做法是增加进口，利用多余的外汇储备购买高科技资本货物和战略物资。这可能需要中国缩小贸易顺差，实现商品和服务贸易的基本平衡，甚至在一段时间内出现贸易逆差。”

"Extraordinary times call for extraordinary measures. We must closely monitor the US fiscal situation and prepare contingency plans to avoid being caught off guard," Yu said.

余表示：“非常时期需要非常措施。我们必须密切关注美国财政状况，制定应急计划，避免措手不及。”。

After stepping back from being the second-largest holder of US debt to third place in March, China further reduced its holdings of US Treasury securities in May by $900 million, to $756.3 billion, the lowest since February 2009, when the reading was $744.2 billion, according to the US Department of the Treasury.

根据美国财政部的数据，中国在3月份从美国债务的第二大持有者退居第三位后，5月份进一步减少了9亿