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    <title>YCC Policy on Geopolitics &amp; Economy</title>
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      <title>Analysis of the Potential Impact of the U.S. YCC Policy: The Shift from a &#34;Debt-Financing-Production&#34; Model to a &#34;Debt-Financing-Debt&#34; Model</title>
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      <description>This paper provides an in-depth analysis of the potential global economic implications should the United States implement a yield curve control (YCC) policy, including a long-term depreciation trend of the U.S. dollar, the loss of the U.S. ability to raise interest rates, the impact on China’s liquidity, and recommendations for risk prevention and control.</description>
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