Core Viewpoint - The article discusses the significant market turmoil caused by the "reciprocal tariffs" imposed by the Trump administration, emphasizing the need for investors to focus on building a resilient ecosystem amidst uncertainty [1][11][12]. Group 1: Market Environment - The current market is experiencing unprecedented volatility, with the environment being described as the most transformative seen in a career [3][4]. - Investors are advised to differentiate between market volatility and actual risk, as the predictability of future market conditions is at an all-time low [4][5]. Group 2: Investment Strategy - It is suggested that this is not a time for aggressive action but rather for observation and careful assessment of risk versus price [5]. - Investors should ensure that their liquidity assets provide a sufficient safety net while also evaluating the resilience of their offensive assets under pressure [5][6]. Group 3: Government Intervention - The article highlights the role of state-backed funds, such as the Central Huijin and social security funds, in stabilizing the market through stock purchases and ETF investments [6][8]. - The concept of a "stabilization fund" is introduced, which aims to prevent irrational market fluctuations through counter-cyclical investments [7][8]. Group 4: Long-term Outlook - Despite short-term pressures from tariffs, China's comprehensive industrial system and vast domestic market are expected to facilitate a restructuring of global economic growth patterns [13][14]. - The article posits that the key to policy effectiveness lies in providing predictable rules rather than large subsidies, which will encourage both domestic and foreign investment [14].