币界网报道：China has sold $8 billion worth of U.S. Treasury bonds, reducing its holdings to $835.4 billion as of January 2024, according to the latest data from the U.S. Treasury Department. This marks the sixth consecutive month of declines, bringing China's holdings to the lowest level since 2009. The move has shifted China from being the largest foreign holder of U.S. debt to the second position, now trailing Japan, which holds $1.15 trillion. Analysts suggest the sell-off reflects China's efforts to stabilize the yuan amid economic pressures and capital outflows, as well as potential geopolitical tensions influencing its reserve management strategy. The reduction comes despite a broader increase in foreign holdings of U.S. Treasuries, which rose by $116.8 billion in January to a record $7.97 trillion. Market observers note that while China's divestment is significant, the U.S. Treasury market remains liquid, with demand from other global investors offsetting the impact. The long-term implications for U.S.-China financial relations and global bond markets remain uncertain as Beijing continues to diversify its foreign exchange reserves.