Economist Ye Tan said at the “Ye Tan—Under the Cycle” private salon’s “Binance Living Room” session that the internet era may be nearing its end if the global economy is at a turning point in the Kondratieff cycle (long-term economic wave), with AI emerging as a new growth direction. She said AI-related infrastructure investment in China remains at the level of tens of trillions of yuan despite an overall investment slowdown, with annual compound growth above 10%. If related planning continues through 2030, wealth and resources could keep shifting toward AI and other emerging industries, although growth across an industry does not guarantee profitable investments. Ye said China’s rapid passage through manufacturing, basic industries and informationization over more than 40 years has accelerated structural change and widened differences between sectors and asset classes. Geopolitical developments, including disrupted Red Sea shipping routes, have also extended the shipping industry’s cycle by reducing vessel turnaround efficiency and increasing demand for ships. Traditional manufacturing and some consumer sectors may be nearing the bottom of a downturn as new industries rise, creating pronounced structural divergence. Ye said economic cycles cannot directly identify what investors should buy, but can help track where wealth and capital are moving and where risks are accumulating. She advised investors to match strategies to their own tools and risk tolerance, start with small-scale trial investments and remain within their means.