Automobiles and home appliances are the backbone of China's industry

It is not the software industry, nor high-tech. Only automobiles and home appliances are likely to be the backbone of China's industry. Home appliances have gradually matured, while automobiles are just emerging. The idea that China has developed without these industries making amazing progress is undoubtedly a pipe dream. India, which is famous for software outsourcing, is the best counterexample. In addition, we cannot learn from Singapore. But remember: these rapidly growing industries may not necessarily bring stable and long-term returns to secondary market investors. Investors must treat this issue rationally, because such industries are not suitable for personal commitment. The best way to invest is to inadvertently meet your lover ten years ago. The only reason I think may be that the product updates too quickly, and it is actually difficult to form a moat advantage. Even Sony and Apple, as the leaders, are the same. Once a new product market appears, they will sadly find that the original customers have no loyalty at all. After all, who will have a special liking for a VCD or mobile phone for a lifetime? Of course, some products are not like this. In China's development so far and in the future, these industries will form cyclical fluctuations of varying lengths, and different types of enterprises will also rise and fall. Therefore, the timing of purchase and the holding period are the key to the success or failure of an investment. Absolute and relative overvaluation and undervaluation are one of the main judgment indicators. Among all factors, mechanisms and systems are more important than personnel and technology. This is true for countries and even more so for enterprises.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.