The credibility of the US dollar continues to be damaged. Whether it is Saudi Arabia or Russia, more and more countries have shown concerns about the 36 trillion US dollars of debt of the United States.

Now, China has also begun to sell off US Treasuries.

According to data released by the US Treasury Department on May 16, 2025, as of the end of March, China’s holdings of US Treasury bonds decreased by 18.9 billion US dollars compared with the previous month, dropping to 765.4 billion US dollars.

There are fewer and fewer buyers of US Treasuries, and the foundation of the US dollar is becoming increasingly unstable.

If this continues, the United States will fall into a death spiral where “the more US debt there is, the more the US dollar collapses”.