Group 1 - The global South is increasingly reshaping the world economic landscape, with a growing emphasis on multilateral cooperation among developing countries, particularly through mechanisms like BRICS [1][4] - The global South's market is thriving, with developing countries' goods trade increasing 4.6 times since 2000, now accounting for 45% of global trade, up from 30% [4][5] - The global South contributes over 40% to the global economy and accounts for 80% of world economic growth, positioning itself as a key player in global governance and development [4][5] Group 2 - China is actively engaging with the global South, providing development assistance to over 160 countries and promoting initiatives like the Belt and Road Initiative, which fosters cooperation and mutual development [6][7] - The BRICS cooperation mechanism serves as a significant platform for emerging markets and developing countries to unite and advocate for equitable global governance [4][6] - The relationship between China and Latin American countries is being strengthened through platforms like the China-Latin America Forum, promoting sustainable development and policy coordination [7]

Core Viewpoint - The increasing debt pressure in the United States is undermining the foundation of the dollar's credibility, with Trump's policies posing a significant threat to the "petrodollar system," leading to the emergence of the new Triffin dilemma. In contrast, China's economy is solidifying its foundation for high-quality development and the transition between old and new growth drivers [1]. Group 1: Economic Conditions - The long-term positive fundamentals of the Chinese economy remain unchanged, supported by a massive market of 1.4 billion people and the world's largest and most comprehensive industrial production system [1]. - China's fiscal policy has ample room compared to Western countries, with sufficient policy reserves available [1]. Group 2: Policy Measures - The moderately loose monetary policy in China ensures ample liquidity in the market [1]. - The effectiveness of policies aimed at expanding domestic demand, such as "two new" and "two重," is significant, contributing to the stabilization of the real estate market [1]. Group 3: Market Stability - The stabilization of the real estate market lays a solid foundation for the stability and prosperity of the capital market [1].