益盟股份首席战略官梁宇峰：我读了上千家上市公司财报，对中国经济有信心

Group 1 - The core basis for optimism about the Chinese economy includes continuous industrial upgrades and enhanced export competitiveness, despite profit performance being affected by intense competition [4][5] - The depreciation of the real effective exchange rate of the RMB has provided support for export competitiveness, with a significant price gap between China and the US/Europe due to differing inflation rates [4] - The "Belt and Road" initiative is recognized as a forward-looking strategy that opens up new global markets, transitioning China from globalization 1.0 to 2.0, benefiting a larger population [5] Group 2 - There is a current issue of insufficient domestic demand, with a historical context of "overcapacity" that highlights the need to convert potential demand into effective demand [6] - The RMB is expected to appreciate significantly in the long term, driven by national industrial competitiveness and purchasing power, with projections suggesting a potential exchange rate of 1:5 against the USD by 2032-2035 [7] - Expanding capital project output is necessary to achieve balance, with ongoing practices in capital output, such as investments in Africa, indicating potential for improvement in international balance of payments [7] - The need to eliminate outdated production capacity and reduce ineffective competition is emphasized as a key policy direction for the future [7]