1. While China remains the largest holder of American government securities, it cut down exposure to USD 1.25 trillion in October.
3. n. 基础，根据，建立
5. JM Family Enterprises
6. “Even though there is significant awareness [of the role of Fed policy], market dynamics can become unstable or unfavourable relatively easily,” he says. “Then you get into a self-reinforcing cycle of selling pressure.”