Group 1 - The core issue of major countries transitioning from the real economy to the financial sector is attributed to technological stagnation, where old technologies fail to foster new industries, leading capital to flow into finance [1][10] - The report highlights the contrasting paths of the US and China, with the US experiencing relative decline due to a fragmented industrial system and reliance on external core technologies, while China benefits from a complete and resilient industrial system [1][7] - The report emphasizes that a strong industrial system is fundamental for driving technological advancement, and finance should serve the real economy rather than operate independently [10][11] Group 2 - The discussion at the seminar underscores the importance of organizational structure and economic forms, such as "de-industrialization," in determining the rise and fall of great powers [2] - The historical context of industrial revolutions illustrates that technological advancements have historically driven new industries, but the current technological landscape lacks disruptive innovations, leading to stagnation [6][10] - The US faces challenges due to its globalized industrial and talent systems, which, while initially beneficial, have created vulnerabilities in the face of new competitors like China [7][8]