In the past, when investing in government funds, we learned a kind of "model": some star start-ups burned up their money and couldn’t find a receiver. They went to the local government anxious to "upgrade the industry", fooled joint ventures, promised employment and tax revenue. When the money arrives at the account, it will stuff depreciation and loss into it. It will be supported by the government’s money. If it fails, it will slap its ass and leave. If it succeeds, it will lower its profit, buy it back by tricks, and then go to the U.S. market to cash in. It is very good.
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