China's holdings of U.S. Treasuries slightly decreased to $700.5 billion in September, maintaining a position near multi-year lows. This marks a 43% reduction from the 2013 peak, as China continues its 'derisking' strategy. The U.S. Treasury's data highlights China's ongoing shift away from U.S. debt, with a focus on accumulating gold. Concerns over the U.S. debt surpassing $38 trillion and questions about the Federal Reserve's independence are influencing China's financial strategy.