1. The situation is stronger than the individual; this is the term I heard the most at the recent economic seminar.

2. The situation of internal and external troubles has completely formed, forcing those in power to start responding directly.

3. Another term is shouting slogans; currently, slogan-style meetings have become completely ineffective.

4. Every October, there is a large wave of currency settlement, but in November, there is a record outflow of foreign exchange. I don't know who is behind the internationalization of the renminbi; the internal situation can be stabilized by policy, but the external cannot be controlled.

5. The next 25 years will be an era of massive foreign exchange outflows. The 1980s experienced huge outflows of foreign exchange; previously, the exchange rate of the renminbi to the Hong Kong dollar was 2, and underground money shops traded it up to 10.

6. In plain terms, this time of year should be when the renminbi is the strongest, but it collapses at its strongest point, reflecting the issue of expectations, similar to selling stocks during a rebound.

7. Our foreign exchange reserves have recently been debunked; we have 32 trillion in reserves, but foreign exchange liabilities have also reached 24.5 trillion, meaning the net worth is only less than 800 billion, insufficient to cope with foreign exchange fluctuations.

8. Returning to this year's economic conference, the previously supported industries were not mentioned; last year, new productive forces like photovoltaics and lithium batteries were mentioned, but this year everything has stalled. The only thing I heard mentioned was Hainan Free Trade Port and AI; I didn't hear anything else. To put it bluntly, it may really be that they couldn't find growth points in the industry, so they simply didn't mention them.

9. The whole situation can simply be compared to a company without main business income, experiencing the pains of structural change. Would you invest in a company without main business income? This is also the reason why foreign capital is still allocated in small amounts, although certainly more than in September.