The A-shares are most likely only experiencing a mid-term adjustment rather than a top. A single statement against internal competition can improve profit expectations and support a bull market in traditional manufacturing. The path of technological self-reliance will also allow the Sci-Tech Innovation 50 to regain upward momentum after the correction. Additionally, with the US and Iran engaging in war, foreign investors are re-evaluating the global landscape, and China has become the new focus for allocation, with capital flowing continuously. This will also be accompanied by the appreciation of the Renminbi.