1. The situation is stronger than people. This is the most common phrase I have heard in recent economic seminars.

2. The expectation of internal and external troubles has been fully formed, forcing the top leaders to start dealing with it head-on.

3. Another word is sloganeering. The current sloganeering-style meetings are completely ineffective.

4. There is a large wave of foreign exchange settlement in October every year, but there is a record foreign exchange outflow in November. I don’t know who is the one who internationalized the RMB. The plate inside can be stabilized by policies, and even by force, but the outside can’t be controlled.

5. 25 years will be an era of large-scale foreign exchange outflow. The 1980s experienced a huge outflow of foreign exchange. The RMB to HKD exchange rate used to be 2, and underground banks speculated to 10.

6. In other words, this time should have been the strongest time for the RMB, but at the strongest When it is strong, it falls. What is reflected behind it is the expectation problem, just like when you sell stocks after a rebound

7. Foreign exchange reserves have also been falsified recently. Our foreign exchange reserves are 3.2 trillion, but foreign exchange liabilities have also reached 2.45 trillion, which means that the net value is less than 800 billion, which is not enough to cope with foreign exchange fluctuations

8. Let’s talk about this year’s economic conference. The previous supporting industries were not mentioned. Last year, new quality productivity-photovoltaic-lithium batteries and the like were mentioned. This year, all of them were turned off. I only heard Hainan Free Trade Port and AI mentioned, and nothing else. To put it bluntly, it may be that they really didn’t find the growth point of the industry, so they simply didn’t mention it

9. The entire plate now simply compares the company to the pain period of industrial structure change. Will you invest in a company without main business income? This is also the reason why foreign capital is still allocated in small quantities, of course, it is definitely more than that in September

10. The last one is very important: I wish you all a happy Christmas🧑🎄