According to CoinMeta, Ming Ming, the chief economist of CITIC Securities, stated in CITIC Securities' 2027 Capital Market Strategy Conference that the global economy is experiencing a clear K-shaped divergence, with China's economy showing fluctuations and recovery. It is expected that China's GDP growth rate in 2027 will be around 4.5%. Consumption is expected to warm up moderately, and commodity retail will shift towards being driven by smart products, with the annual growth rate of social retail expected to be about 1% in 2027. Macroeconomic policies will be more proactive, with fiscal policy expected to expand moderately and the deficit ratio to remain at 4.0%. In terms of monetary policy, interest rate cuts may be implemented in the second half of the year, and the RMB exchange rate is expected to appreciate moderately. It is anticipated that the RMB exchange rate will rise to around 6.4-6.5 in 2027, and the process of RMB internationalization may accelerate during the "14th Five-Year Plan" period.