The Chinese economy appears to have successfully navigated the real estate downturn, with many sectors unexpectedly rebounding. Current fundamentals support a medium-term bull market, bolstered by policy support, indicating significant upside potential and limited downside risk. This marks my first mention of a bull market; previously, I was cautious, believing there was little room to fall.
A steady upward trend is optimal, as there are few profit-takers or trapped investors. The prolonged bear market has offered a solid opportunity for positioning. Additionally, the BRICS trading system will enhance the renminbi's international circulation, intensifying competition with the dollar while being welcomed by many countries as a second choice.
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