The U.S. stock market has fallen the most, with $ 165.6 billion of debt being sold off, trillions of dollars and thousands of tons of gold flowing into China.

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With the further expansion of the coronavirus's impact on the US economy and the US dollar capital market, the US stock market plunged again on February 28 (the last trading day in February), the worst week since the financial crisis. Within a week, the Dow Jones Industrial Average fell more than 12%, the biggest weekly decline since 2008. In points, the Dow Jones Industrial Average fell more than 3,500 points, ending this week's adjustment interval and falling 14.1% from a record high set on February 12. To date, the S & P 500 has fallen by 11.5%. The Nasdaq is down 12.3% this week. It is worth noting that the Dow and S & P 500 are at their biggest weekly declines since the 2008 financial crisis. Goldman's David Kostin warned that U.S. companies will not grow earnings this year. It also means that the return on dollar assets will not increase. On the other hand, as another symbol of dollar assets, U.S. debt has fallen into an early sell-off. Since 2018, at least 25 overseas holders of U.S. bonds worldwide have sold off U.S. bonds. It is worth mentioning that from June 2018 to December 2019, China (Mainland) sold a total of US $ 123.6 billion of US Treasury bonds. This amount far exceeds the US debt held by South Korea and Canada. Even more surprising is that Japan, another major buyer of U.S. debt, sold $ 42 billion of U.S. debt from September to December 2019. The biggest short sellers of US debt may also be emerging. In other words, as of December 2019, China and Japan, which hold US $ 2 trillion of US Treasury bonds, have sold at least US $ 165.6 billion of US government bonds. As we mentioned, billionaire Jim Roger has consistently maintained that the initiative of the US debt economy is in the hands of large global buyers. At the same time, the United States may face a more severe financial crisis than the 2008 financial tsunami due to the impact of overvalued U.S. stocks and huge US Treasury bonds. For investors used to investing in US dollar assets, Rogers suggested that the only way to protect their investments is to invest in areas they are familiar with. The only survivors are investors who know what they are doing. It is worth mentioning that Rogers has long believed that China's economic growth is ahead of the world economy, and that the long-term expansion of the Chinese market is a wise choice for global investors. It is worth noting that Jingshun, a global asset management company, said that Chinese government bonds and policy bank bonds have been officially included in more international bond indexes and are expected to attract about 1 in the next five years. 2 trillion US dollars of funds entered the Chinese bond market. Coincidentally, things did make progress. According to media reports, on February 28, JPMorgan Chase ’s flagship global emerging market government bond index series included 9 types of highly liquid Chinese government bonds denominated in RMB. Inclusion will be gradually completed within 10 months. This is another major international bond index after China bonds were gradually included in the Bloomberg-Barclays Global Composite Index in April 2018. It is estimated that after Chinese bonds are incorporated into the GBI emerging markets, it is expected that more than US $ 20 billion of index tracking funds will be introduced into the Chinese bond market. In addition, zero-hedge funds reported two weeks ago that thousands of tons of gold may have flowed into China because no acquisition data was reported to the International Monetary Fund or the World Gold Association. In other words, thousands of tons of gold may have flowed into China against the backdrop of trillions of dollars flowing into China. According to analysis, this is the trend of smart investors worldwide. (End)