Qiu Sisheng from Wanzhong Consulting: The downgrade of the U.S. sovereign credit rating is leading to a repricing of the strategic value of Chinese assets

In response to Moody's downgrade of the U.S. sovereign credit rating, Qiu Sisheng, chief economist at WanZhong Consulting, stated that this event is reshaping the operational logic of global financial markets. The maintenance of global monetary hegemony no longer relies on the numerical games of credit ratings but depends on the ability to build a more inclusive global financial infrastructure. The strategic value of Chinese assets is being repriced; it is expected that the status of the U.S. dollar will further weaken, and funds will begin to seek alternatives. With solid fundamentals, RMB assets are expected to become a new choice for global funds beyond euro, yen, and pound assets