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UBS Wealth Management's investment director and macroeconomic chief in the Asia-Pacific region, Hu Yifan, said that the government is expected to increase its support for self-sufficiency, domestic technological innovation, and the "internal circulation" to promote economic growth. In terms of stocks, investors can focus on high-yield defensive state-owned enterprise technology sectors in finance, energy, telecommunications, and utilities. It is more optimistic about online gaming and tourism platforms with stable cash flow. In the medium to long term investment layout, leading electric vehicle manufacturers with technological and pricing advantages are still favored.
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