The central political bureau meeting clearly indicates that the response plan regarding the return of Trump to the White House is of great importance. Considering that China's economy heavily relies on exports, which will be impacted, the assurance of maintaining the foreign exchange rate will definitely be difficult. Therefore, it has proposed 'more proactive fiscal policies' + 'moderately loose monetary policies'. This means that the benchmark interest rate will be lowered to below 1, and the government will further increase the issuance of bonds. The stubborn defense of the RMB exchange rate will inevitably be abandoned! Large amounts of money being released will lead to a significant depreciation. Since everyone is reluctant to spend money, it will only make the money that everyone has worth less.