It is equivalent to about 7.0 1.88 trillion yuan.

China holds US Treasury bonds for a long time in order to maintain the security and diversification of foreign exchange reserves and stabilize the exchange rate.

This has also brought closer economic ties between China and the United States, and promoted trade and investment between the two sides to a certain extent.

At the same time, however, China is also facing potential risk challenges such as the depreciation of the US dollar and foreign exchange risks, so China is gradually promoting the diversified transformation of fiscal and monetary policies.