SWHY(SZ:000166) Xin Lang Cai Jing·2025-06-10 02:08Core Viewpoint - The current global political and economic landscape is undergoing significant changes, with the rise of new technologies and shifts in trade policies impacting investment strategies and market dynamics [3][5][7]. Group 1: Market Dynamics - The introduction of reciprocal tariff policies by the U.S. has accelerated the restructuring of global supply chains, leading to increased volatility in financial markets [5]. - The U.S. dollar index has fallen below 100, while safe-haven assets like gold and Bitcoin have reached historical highs [5]. - There is a noticeable shift in international capital flows from the U.S. to other markets, with Germany and Hong Kong being key beneficiaries, as evidenced by the Hang Seng Tech Index's over 20% increase since the beginning of the year [5]. Group 2: Economic Growth and Policy - China's GDP growth rate averaged 4.7% from 2021 to 2024, and the government is focused on maintaining stable economic growth as it transitions from the 14th Five-Year Plan to the 15th [6]. - In the first quarter of this year, China's GDP grew by 5.4%, with signs of stabilization in the real estate market and a reduction in debt risks [6]. - Foreign investment banks have raised their economic growth forecasts for China and recommended an "overweight" position in the Chinese stock market [6]. Group 3: Technological Advancements - China is a key player in the current global technological revolution, with significant advancements in artificial intelligence, quantum computing, and renewable energy [7]. - The country has increased its R&D spending, aiming for 2.68% of GDP by 2024, and leads the world in patent applications in AI and renewable energy [7]. - The rise of Chinese tech companies has contributed to the stability and strength of the A-share market, positioning them as vital components of the capital market [7].