<p>Shao Yu pointed out at the Phoenix Bay Area Financial Forum that the core themes of China's future economy are "silver economy" and labor replacement by robots. By 2035, the GDP growth rate is expected to drop to 2%, reflecting the level of developed economies. He emphasized that facing the brief time window of "peak population" and "peak carbon", it is necessary to re-examine the debt issues of the real estate market and urban investment platforms. Technology companies should stand out in the transformation, and institutional design is urgently needed in the capital market to support this goal</p>

- Senior researcher Shao Yu discussed China's capital market at the Phoenix Bay Area Finance Forum on September 3. The presentation highlighted the convergence of urbanization and industrialization, emphasizing the need for innovation in productivity and labor efficiency to sustain growth. The future economic trend may follow an "LV" shape, with GDP growth slowing to around 2% by 2035, akin to developed nations.
- The discussion also touched on demographic peaks, carbon emissions, and the intricate relationship between finance and the real economy. The analysis underscored the importance of adapting to changing trends and fostering new quality productivity to navigate the evolving economic landscape effectively.
- Challenges lie ahead in balancing investment and financing, enhancing market mechanisms, and nurturing high-value tech companies like Huawei. The evolving global dynamics may lead to two distinct worlds, emphasizing the need for China to produce globally competitive, technology-driven enterprises with a strong export orientation for sustained success.

Shao Yu: These two things are definitely the core themes of the future