$40 Trillion Debt Overhang! US Treasury Storm Sweeps Global Markets, Can RMB Assets Become a Safe Haven? Understanding the Three Key Logics Behind This!

The erosion of trust in the US dollar persists, with gold and long-term bond yields rising in tandem, sounding the alarm. The world is thus entering an era of high-cost production, while China, leveraging its complete manufacturing cluster, a trade surplus exceeding $1 trillion, and cost advantages across the entire industrial chain, is breaking through strongly—the RMB has climbed to a three-and-a-half-year high, and with A-shares' low valuations coupled with ample policy space, it is poised to become a true safe haven amid this global storm in stocks, bonds, and currencies.