The Central Committee of the Communist Party of China and the State Council issued the 'Opinions on Developing New Quality Productivity,' and I counted three times. Eight tracks, two new terms, one thing not mentioned. Eight tracks: New-generation information technology, new energy, new materials, intelligent connected new energy vehicles, robotics, biomedicine, high-end equipment, aerospace. Two new terms: Low-altitude economy, commercial aerospace. One thing not mentioned: Cryptocurrency. Let’s talk about the eight tracks first. A-shares are not U.S. stocks. U.S. stocks bet on the 'big boss'—when one company like Nvidia rises, the whole family follows suit. A-shares focus on building the industrial chain. When the policy blows the whistle, the entire chain moves together. New energy vehicles are the best example: Upstream lithium mines → Midstream batteries → Downstream complete vehicles → Supporting charging stations. You don’t need to bet on who will win in the end. You just need to find the company with the strongest 'position' in the industrial chain. Now, let’s talk about the two new terms. The document states: 'Under the premise of ensuring safety, promote the healthy and orderly development of the low-altitude economy and commercial aerospace.' The phrase 'healthy and orderly' in policy language doesn’t mean restriction—it’s a tone-setting. It means: This track has been officially recognized by the state. Finally, let’s talk about the most critical sentence. The document also says: 'Avoid involution-style competition.' Why did photovoltaics, lithium batteries, and new energy vehicles drop over the past two years? It wasn’t because demand disappeared—it was because profits disappeared. Price wars reached the point where no one was making money. Now the policy sets the tone: Divide the work, collaborate, don’t all rush in at once. This means— Companies with technical barriers will survive. Companies that only know how to fight price wars will be eliminated. As for the thing not mentioned, It wasn’t forgotten—it was never intended to be mentioned. You know what I mean!