摩根士丹利邢自强：美元贬值，战略资产升值

Core Viewpoint - The traditional fiat currency system, represented by the US dollar, is experiencing credit erosion, leading to a depreciation trend of assets outside of fiat currencies, with strategic assets like energy and precious metals gaining market favor [1] Group 1 - Morgan Stanley's Chief Economist for China, Xing Ziqiang, highlighted the increasing market preference for strategic assets and certain non-traditional fiat currency assets [1] - The attractiveness of RMB assets is noted, as they can be viewed as an asset outside the traditional fiat currency system led by the US, depending on their yield to attract long-term investment [1]