Core Viewpoint - The article discusses the uncertainty arising from the recent US-China talks, particularly concerning the technology sector and the potential impact on companies like NVIDIA, while highlighting the resilience of certain domestic sectors such as liquor and renewable energy amidst these geopolitical tensions [1]. Group 1: Market Reactions - Despite a 2.51% drop in the Sci-Tech Innovation Board, liquor stocks experienced a collective rise, with notable increases such as Gujing Gongjiu up nearly 6% and other major brands like Moutai and Shanxi Fenjiu also seeing gains [1]. - The liquor sector index rose by 2.02%, indicating strong investor interest in this segment despite broader market concerns [2]. Group 2: Investment Sentiment - Investors are shifting focus towards "old economy stocks" like liquor, which are perceived as lower risk in the current market environment characterized by high valuations in other sectors [3]. - The government’s emphasis on boosting domestic demand in its 2025 work report is expected to create new momentum in the consumption sector, benefiting industries like liquor [3]. Group 3: Industry Outlook - The liquor industry has likely reached its lowest point in terms of market sentiment, with pessimistic expectations already priced in, suggesting potential for recovery and valuation improvement [3]. - The long-term demand for liquor remains strong due to its social and cultural significance, supported by established brands with deep competitive advantages [3]. Group 4: Investment Opportunities - Investors interested in the liquor sector can consider index funds like the China Securities Liquor Index Fund to mitigate individual stock risks, with a suggested investment of 1000 yuan [4].