Someone asked me, based on the Kondratiev cycle and institutional factors, what will be the development direction of China in the next 10 years?

My judgment is that the government and vested interest groups representing the state apparatus will continue to strengthen, further increasing control over resources, capital, and key industries.
New wealth opportunities still exist, but they are increasingly concentrated in groups that possess capital, resources, licenses, and organizational advantages, rather than spreading broadly to society as in the past with real estate and the internet era.
For the middle class, what is truly lost is not survival ability, but upward mobility expectations.
As wealth opportunities become harder to access and the relationship between effort and reward weakens, more and more people will begin to seek new possibilities abroad and try to place themselves within more diverse rule systems.
For the lower classes, life will continue, but more for maintaining survival rather than achieving leaps.
From the perspective of the Kondratiev cycle, China is not lacking new technological revolutions and industrial opportunities, but these opportunities are becoming increasingly difficult for ordinary people to participate in and share.
From an institutional perspective, strengthening organizational capacity will lead to higher concentration, but not necessarily greater liquidity.
The ultimate result is that the country continues to grow stronger, opportunities continue to concentrate, expectations continue to shrink, and society continues to reinforce stratification and solidification.