GF SECURITIES Assistant Director and Chief Strategist Liu Chenming: Three Major Debt Reduction Paths Reveal the Arrival of the AI and Gold Era

On December 19th, at the "Alpha Summit" jointly organized by Wall Street Watch and the China Europe International Business School, Liu Chenming, Assistant Director and Chief Strategist of GF Securities, stated that starting from the classic sovereign debt evolution equation, there are three ways to reduce debt without a substantial default: real growth exceeding real interest rates (growth-based debt reduction), inflation exceeding expectations (inflation-based debt reduction), and fiscal tightening (fiscal-based debt reduction). Under these paths, both AI and gold will ultimately benefit