卫保川：中国当前最大的国情是“内卷”，对投资者而言蕴藏着机会

Core Viewpoint - The current major national condition in China is "involution," which may not be beneficial for companies but presents opportunities for investors [6][8]. Group 1: Investment Opportunities - Involution leads to an industry chain where many excellent companies earn money from foreign markets, resulting in low-cost operations domestically [3][8]. - Examples of companies that have seen significant stock price increases include Yantai Jereh, which rose from 20 to 70-80 yuan over the past year, demonstrating the potential for high returns in certain sectors [3][8]. - The investment strategy should focus on companies with international competitiveness during their early stages, as this represents a favorable investment timing [3][8]. Group 2: Market Outlook - The market outlook is not pessimistic, despite management's inclination towards a "slow bull" market approach; it is essential to focus on industry growth rather than short-term policy signals [4][9]. - Investors are encouraged to hold onto promising industries and excellent companies, emphasizing the importance of long-term growth potential [4][9].