惊声尖笑
Foreign financial institutions bullish on China's hard-tech growth momentum_我的网站
A |
国乒又一次豪揽四金，这一回领奖地点在布达佩斯。 
China's high-tech exports surged over 50 percent year on year in July, well ahead of the 17.8-percent growth in total exports, customs data showed. The export gains are being mirrored in investment flows, with foreign funds moving into Chinese technology stocks and global indices adding newly listed hard-tech companies.
Rob Subbaraman, head of global macro research and co-head of global markets research at Nomura, said China's low-cost and abundant electricity supply, growing talent pool and early lead in physical AI are driving the rapid development of its AI industry chain.
China's development of open-weight models could accelerate their adoption by businesses, allowing productivity gains from AI as a general-purpose technology to spread more quickly across the economy, he said, citing models from Chinese firms including DeepSeek and Moonshot AI.
"The lower cost of these models was another advantage," he said, adding that the benefits could extend beyond China, particularly to emerging markets that could adopt cheaper Chinese AI models.
China's strength in advanced manufacturing has also become increasingly evident, said Robin Xing, chief China economist at Morgan Stanley, pointing to China's roughly half share of global installed new energy storage capacity and the rapid growth in outbound licensing deals for innovative drugs. These trends, he said, underpin the long-term investment case for China's hard-tech sector and leading manufacturers.
These strengths are increasingly being reflected in foreign investors' allocation decisions. This year, Goldman Sachs has twice raised its 12-month target for the CSI 300 on improving earnings momentum, and retained an overweight view on Chinese equities.
Kinger Lau, chief China equity strategist for Goldman Sachs Research, said the bank's positive view reflected improving earnings momentum, favorable macroeconomic and liquidity conditions. A-share equities offered international investors diversification benefits that remained underappreciated, along with attractive exposure to hard-tech and AI themes, he added.
Individual companies are drawing overseas interest too.
ChangXin Memory Technologies surged 465.82 percent on its debut on Shanghai's STAR Market last month, reaching a market capitalization of more than 3.2 trillion yuan (about 471.28 billion U.S. dollars).
U.S.-based Tema ETFs made the chipmaker a top holding at a 10.56 percent weight on its debut day, while MSCI officially added it to its China All Shares Index on Monday under a fast-track rule for large IPOs.
Robotics is where the enthusiasm is most visible. Unitree, set to become China's first mainland-listed humanoid robot maker, priced its Shanghai IPO at 150.8 yuan a share, representing 10 percent of its post-offering share capital. The offering is expected to raise about 6.1 billion yuan in gross proceeds.
That optimism, however, exists alongside broader economic pressures. Nathan Chow, senior economist at DBS Bank, said the imbalance between relatively strong supply and weak demand remained pronounced, with household consumption and some companies' profitability still under pressure.
Investment in infrastructure could help offset the weakness in private investment in the near term, while lowering logistics and energy costs and improving the efficiency of resource allocation over the longer term, Chow said. It could also strengthen supply chains and reduce the economy's exposure to external shocks and geopolitical risks, he added.
The implementation of policy measures would be key to sustaining the recovery in the second half of this year, analysts noted.
Economic management requires both easing the brakes and stepping on the accelerator, said Song Yu, chief China economist at UBS Securities, adding that faster fiscal spending and the use of bond proceeds, additional policy support and better coordination between fiscal and financial policies are needed, alongside measures to remove barriers to household consumption and improve the business environment.
"With stronger policy support and measures taking effect, China's economy is expected to maintain a steady recovery in the second half of the year," Chow said.
。首届WTT欧洲夏季系列赛于7月11日至23日在布达佩斯陆续举行，系列赛由球星挑战赛、支线赛、冠军赛组成。昨天是球星挑战赛的最后一个比赛日，产生四个单项冠军。顾名思义，这项赛事球星云集，基本囊括了当今所有高手，竞争激烈。当日率先进行的是女单决赛，这是一场在孙颖莎与王艺迪之间展开的国乒“内战”。
。China's high-tech exports surged over 50 percent year on year in July, well ahead of the 17.8-percent growth in total exports, customs data showed. The export gains are being mirrored in investment flows, with foreign funds moving into Chinese technology stocks and global indices adding newly listed hard-tech companies.
Rob Subbaraman, head of global macro research and co-head of global markets research at Nomura, said China's low-cost and abundant electricity supply, growing talent pool and early lead in physical AI are driving the rapid development of its AI industry chain.
China's development of open-weight models could accelerate their adoption by businesses, allowing productivity gains from AI as a general-purpose technology to spread more quickly across the economy, he said, citing models from Chinese firms including DeepSeek and Moonshot AI.
"The lower cost of these models was another advantage," he said, adding that the benefits could extend beyond China, particularly to emerging markets that could adopt cheaper Chinese AI models.
China's strength in advanced manufacturing has also become increasingly evident, said Robin Xing, chief China economist at Morgan Stanley, pointing to China's roughly half share of global installed new energy storage capacity and the rapid growth in outbound licensing deals for innovative drugs. These trends, he said, underpin the long-term investment case for China's hard-tech sector and leading manufacturers.
These strengths are increasingly being reflected in foreign investors' allocation decisions. This year, Goldman Sachs has twice raised its 12-month target for the CSI 300 on improving earnings momentum, and retained an overweight view on Chinese equities.
Kinger Lau, chief China equity strategist for Goldman Sachs Research, said the bank's positive view reflected improving earnings momentum, favorable macroeconomic and liquidity conditions. A-share equities offered international investors diversification benefits that remained underappreciated, along with attractive exposure to hard-tech and AI themes, he added.
Individual companies are drawing overseas interest too.
ChangXin Memory Technologies surged 465.82 percent on its debut on Shanghai's STAR Market last month, reaching a market capitalization of more than 3.2 trillion yuan (about 471.28 billion U.S. dollars).
U.S.-based Tema ETFs made the chipmaker a top holding at a 10.56 percent weight on its debut day, while MSCI officially added it to its China All Shares Index on Monday under a fast-track rule for large IPOs.
Robotics is where the enthusiasm is most visible. Unitree, set to become China's first mainland-listed humanoid robot maker, priced its Shanghai IPO at 150.8 yuan a share, representing 10 percent of its post-offering share capital. The offering is expected to raise about 6.1 billion yuan in gross proceeds.
That optimism, however, exists alongside broader economic pressures. Nathan Chow, senior economist at DBS Bank, said the imbalance between relatively strong supply and weak demand remained pronounced, with household consumption and some companies' profitability still under pressure.
Investment in infrastructure could help offset the weakness in private investment in the near term, while lowering logistics and energy costs and improving the efficiency of resource allocation over the longer term, Chow said. It could also strengthen supply chains and reduce the economy's exposure to external shocks and geopolitical risks, he added.
The implementation of policy measures would be key to sustaining the recovery in the second half of this year, analysts noted.
Economic management requires both easing the brakes and stepping on the accelerator, said Song Yu, chief China economist at UBS Securities, adding that faster fiscal spending and the use of bond proceeds, additional policy support and better coordination between fiscal and financial policies are needed, alongside measures to remove barriers to household consumption and improve the business environment.
"With stronger policy support and measures taking effect, China's economy is expected to maintain a steady recovery in the second half of the year," Chow said.
。首届WTT欧洲夏季系列赛于7月11日至23日在布达佩斯陆续举行，系列赛由球星挑战赛、支线赛、冠军赛组成。昨天是球星挑战赛的最后一个比赛日，产生四个单项冠军。顾名思义，这项赛事球星云集，基本囊括了当今所有高手，竞争激烈。当日率先进行的是女单决赛，这是一场在孙颖莎与王艺迪之间展开的国乒“内战”。
B | 比赛中，王艺迪延续了近来一直向好的竞技状态，依靠节奏变化限制了孙颖莎的发挥，在关键分的把握上也更胜一筹。最终王艺迪4：1战胜孙颖莎，获得冠军。
C | 其实在前天王艺迪半决赛淘汰石川佳纯后，国乒就已经提前锁定了这枚女单金牌。在那之后，世界乒联发布官方声明称，王曼昱由于腿部受伤，退出与孙颖莎的女单半决赛，她将接受治疗并为女双决赛做准备。 本次球星挑战赛，王曼昱身兼三项。除女单外，她还参加了女双和混双的角逐。在混双决赛中，王楚钦/王曼昱在先丢两局的情况下上演大逆转，最终3：2战胜日本组合张本智和/早田希娜。王曼昱伤到了什么程度？用她自己的话说就是：晚上睡觉时的每一次翻身，都会把自己疼醒；生活中从坐下到站起的每一个动作，都会令她感到明显的疼痛。其实王曼昱的腿部很早就已经出现了问题。
D | 拖着快要达到极限的身体，她还是选择咬牙顶下了一天四赛，之后又搭档王楚钦拼下了混双冠军。对于错过女单半决赛，王曼昱感到非常遗憾，她原本很期待与队友孙颖莎的这场强强对话。然而反复权衡后，王曼昱最终选择退出单打，抓紧时间治疗，全力去拼女双“外战”。这种处处以团队为先的无私精神，是国乒难以被击败的一大原因。王曼昱的付出收到了回报。面对日本组合伊藤美诚/早田希娜，世界排名第一的王曼昱/孙颖莎打得非常耐心。她们始终掌控着比赛节奏，最终以3：0干净利落地击败了对手。赢下比赛后，王曼昱加冕本站赛事双冠王。在梁靖崑/林高远与韩国组合赵大成/李尚洙之间展开的男双决赛打得难解难分，每一局都激战至最后。在决胜局最多落后6分的情况下，梁靖崑/林高远一度追至9平，可惜最终遗憾告负，获得银牌。男单决赛中，王楚钦的对手是瑞典选手莫雷加德。莫雷加德是年轻一辈中的佼佼者，也是欧洲冉冉升起的一颗新星。不过面对在半决赛中淘汰了大满贯得主马龙的王楚钦，莫雷加德在关键球的处理上显得办法不多，屡屡在相持后落入下风。4：1，王楚钦如愿夺冠，同样成为本站赛事双冠王。豪揽四金，上台领奖。此时有网友发现，相较于比赛中释放的激情，领奖台上的国乒众将化身“无情的领奖机器”，显得不够活跃。其实经过连天征战与决赛日的洗礼，球员都会有些疲惫，更何况下一个挑战接踵而来——WTT冠军赛布达佩斯站将于明日开赛。
E | 这项赛事级别很高，金牌得主将获得多达1000点的国际乒联世界排名积分，因此比赛一定也会非常精彩。未来一周，继续关注国乒的表现！
F |
Current article:http://34x.ruidunguizanpaorangchongouxia.sbs/q7bo9x/bvuvdm.html
Published on:00:00:00