上海财经大学校长刘元春：中国新科创模式重塑全球竞争格局

Group 1 - The core argument presented is that the reversal of China's narrative began with the release of the DeepSeek R1 model in January, which disrupted the established paradigm in large model production and garnered global attention, leading to strong performance of Chinese assets in global capital markets [2] - The success of DeepSeek is viewed as a revolutionary outcome of China's innovation ecosystem, with the emergence of concepts like the "Six Little Dragons" in Hangzhou indicating the rise of Chinese tech companies, showcasing China's growing technological innovation capabilities [2] - The changing economic landscape between China and the US is highlighted, with risks of economic recession, increasing debt issues, and high treasury yields in the US signaling a deepening structural crisis, while breakthroughs in China's tech sector are reshaping global capital allocation [2] Group 2 - China's unique advantages in the tech innovation model are emphasized, including a vast market that fosters significant innovation, technological advancements driving economic growth, and a large pool of engineering graduates providing strong talent support for technological innovation [3] - The transition from manufacturing to innovation in China is attributed to the collaborative efforts of government and market forces, with a complete chain established in basic research, industrial upgrading, and tech finance, exemplified by various innovation development models such as Hefei, Suzhou, Shenzhen, and Shanghai [4] - Government support through industrial policies and guiding funds is crucial for sustaining innovation in enterprises, reflecting a strategic approach to fostering technological advancements [4]