刘煜辉2026年最新策略：押注未来中国时代的两根支柱

Group 1 - The current global narrative is centered around great power competition, with the recent events in Venezuela impacting the U.S. national balance sheet by adding a significant 3.1 billion barrels of strategic oil resources [3][13] - In the short term, this event has led to a temporary boost in U.S. national fortune, reflected in the rise of various risk assets including U.S. stocks and cryptocurrencies [14][16] - Long-term concerns remain regarding the credibility of the U.S. dollar system, as evidenced by a nearly $2000 increase in gold prices over the past year, indicating a lack of confidence in traditional fiat systems [4][20] Group 2 - The recommended investment strategy is the "barbell strategy," which involves allocating assets to high-dividend stocks as a stabilizing force while also investing in growth and national fortune [5][25] - Specific investment focuses include adjusting AI investment from supply-side to end-side, leveraging China's manufacturing capabilities to dominate the AI ecosystem [6][30] - There is a strong outlook for gold and commodities, based on the assessment of issues within the dollar system, as well as a focus on the high-quality transformation of the Chinese economy through energy and technology sectors [7][36] Group 3 - China's renewable energy installations account for 80% of its new power capacity, with an annual installation rate nine times that of the U.S., showcasing its strategic energy transition [9][42] - The development of a circular economy is seen as a strategic pivot, aiming to transform oil from a non-renewable to a renewable resource, which is crucial for China's competitive positioning [46][50] - The establishment of a fully independent high-tech system, particularly in semiconductors, is critical for reducing reliance on Western technology and enhancing China's strategic capabilities [51][58]