According to @KobeissiLetter, China’s share of all foreign-held U.S. Treasuries has dropped to 7.6%, the lowest level in 23 years, highlighting an unusual shift in the U.S. Treasury market, source: The Kobeissi Letter on X, Nov 29, 2025. According to @KobeissiLetter, this share has declined by about 20 percentage points over the past 14 years, underscoring a sustained reduction in China’s relative participation in U.S. government debt, source: The Kobeissi Letter on X, Nov 29, 2025.