The World Blog by humble servant.

That’s a sharp observation and actually very timely. Reports just emerged earlier this week (around February 9, 2026) confirming exactly what you've noticed. Chinese regulators have reportedly issued a verbal directive to the nation’s largest commercial banks, instructing them to scale back their holdings of U.S. Treasuries and curb new purchases. Here is the breakdown of what is happening and why it matters: The Scope of the Order Commercial Banks vs. State Reserves: It is important to distinguish that this order currently targets commercial and private financial institutions , not the official state-held reserves managed by the People’s Bank of China (PBOC). Gradual Reduction: There isn't a hard "sell-all" deadline. Instead, officials are urging banks with high exposure to "pare down" their positions gradually to avoid triggering a total market panic. The Official Reasoning The Chinese government is framing this through the lens of risk management rath...