在钟正杰介绍时，第一财经记者注意到，GR-3会有一些拟人的"小动作"，比如晃动头部、轻微晃动身体或是眼神跟随，来表示自己正在聆听。钟正杰说， 拟人态的互动，不仅仅在于语言交互的真实性，还有肢体动作的表现。"比如在互动的时候，机器人是眼睛先转还是头先转？眼睛和头部的转速是多少，我 们花了很多时间去探索这个，让它看上去更'亲人'一些。" 软件层面，本次GR-3则是采用了快慢双路径的响应机制，当机器人接收到单一指令，如呼唤、抚摸时，能够触发"快思考"反馈。比如，GR-3在被人呼喊的 时候会快速转头与用户对视，被抚摸时则轻轻晃动脑袋。当用户多次进行提问、触摸等单一指令时，GR-3则会启动"慢思考"，利用大模型的推理能力来理 解用户的语义，结合交互历史进行适配反馈。 顾捷透露，本次发布的GR-3有望在康复医院、社区等场景中应用，"我们希望结合智能化评估与训练功能，进一步提升病患的康复效率。" 要让情绪价值真正落地，机器人仍然要面临一系列工程与服务层面的现实问题。 机器人也开始贩卖情绪价值了。 自2025年世界人工智能大会（WAIC）首次"露面"之后，第一财经记者在北京再一次见到了傅利叶发布的全尺寸人形机器人GR-3。G ...

单纯比较A股市值的参考意义有限 8月6日，A股三大指数录得三连涨，全市场超3300股上涨。在市场一片大好中，有两个信号被格外关注：一是融资余额时隔10年再度突破2万亿元；二是农 业银行（601288.SH）首次登顶A股市值之最，工商银行（601398.SH）"让位"。 回顾近两年银行股的节节攀升，不少受访人士表示，银行股的低估值、高股息特点使其成为震荡市中避险资金的心头好。尤其在低利率和"资产荒"背景下， 国有大行业绩与分红的稳定性、持续性越来越受到长期资金的青睐。 最近几个月，公募基金考核制度改革、险资收益考核更趋长期化，加上近期国债等债券利息面临恢复征税，都被视为银行股持续上涨的利好支撑。截至6日 收盘，年内中证银行指数涨了13.42%，最近3年则涨了近45%。 在这个过程中，农业银行可谓国有大行中最亮眼的个股。今年以来，农业银行A股股价涨幅已逼近30%，达到29.54%，位列42家A股上市银行第三；同期， 工商银行、建设银行、邮储银行、中国银行、交通银行分别涨了16.85%、14.11%、8.98%、7.32%、4.55%。 截至当日收盘，农业银行A股总市值为2.11万亿元，超过工商银行的2.09万亿元 ...

农林水产省前官员山下和仁曾撰文将此次"大米危机"的根本原因归结为日本政府长期以来的"减反政 策"。 进入8月，日本依旧热浪滚滚。 日本气象厅数据显示，群马县伊势崎市5日测得最高气温41.8摄氏度，再次刷新日本高温纪录，距7月30 日在兵库县丹波市创下41.2摄氏度的高温纪录仅一周时间。 由于高温势头猛进，再加上降雨量减少，日本多地水库蓄水量告急。而这对于大米在内的农作物而言， 并不是个好消息。 在对始于去年夏季的米价走高问题进行调查后，日本首相石破茂5日表示，日本的大米政策将从抑制产 量转向提高产量，预计将从2027财年开始落实。石破茂的这一表态被视为，日本实行数十年、旨在控制 大米产量的"减返政策"彻底画上句号。公开信息显示，1969年，日本通过《大米法》确立该政策，通过 补贴鼓励农民休耕，以稳定米价。 供不应求 日本农林水产省4日发布的最新数据显示，针对7月21~27日一周对日本全国1000多家超市的调查显示， 日本大米的售价在连降9周后，又出现了"抬头"的趋势。其中，5公斤装大米含税售价较前一周上涨 1.1%，约为3625日元（约合24美元）。 从减反到增产 石破茂此次表示，为了提高水稻收成，政府将采取 ...

Core Viewpoint - The express logistics sector is experiencing a strong rebound, with notable stock performance from several companies, including Yunda Holdings reaching its daily limit, Changlian Holdings previously hitting the limit, and Shentong Express, Huapengfei, and YTO Express all rising over 5% [2] Company Performance - Yunda Holdings has touched the daily limit, indicating strong investor interest and confidence in the company's future prospects [2] - Changlian Holdings had previously reached its limit, showcasing a similar trend of positive market sentiment [2] - Shentong Express, Huapengfei, and YTO Express have all seen stock increases exceeding 5%, reflecting a broader positive movement within the sector [2]

对于"美国制造"芯片的定义也并不明确。 根据券商Kiwoom Securities分析师Pak Yuak上个月发布的一份报告，三星的芯片代工业务预计将在2026年获得为苹果iPhone 18s和特斯拉生产芯片的图像传感 器芯片的新订单。 目前，包括台积电、英伟达、德州仪器和格芯在内的几家芯片巨头已承诺在美国生产部分芯片产品。台积电已承诺的美国制造业投资规模达到1650亿美元； 英伟达今年4月表示，计划未来四年在美国构建价值5000亿美元的人工智能基础设施。 根据美国半导体行业协会（SIA）的数据，自2020年以来，美国已宣布了130多个芯片制造项目，总额达6000亿美元。 Gartner分析师盛陵海对第一财经记者表示："半导体供应链极其复杂，任何一个国家要搞完整的供应链都会充满挑战，大部分国家只能实现一部分的自给自 足。"他认为，尽管美国正在试图将芯片制造转移到本土，但这一过程将是漫长且艰难的。 数据显示，2022年以来，美国通过各种补贴、抵税、贷款、补助金发放提振芯片制造，累计投资已经超过4000亿美元。但包括台积电在内的芯片代工厂在美 国建厂的过程并不顺利，直到今年年初，台积电的美国工厂才刚刚投产，距离大 ...

新的关税政策更具系统性和可操作性，应引起高度关注与警惕。 当地时间7月31日，特朗普签署行政令，公布了"对等关税2.0"方案，以替代4月2日公布的"1.0版本"，并于8月7日正式生效。与前一版本相比，新的关税政策 更具系统性和可操作性，应引起高度关注与警惕。 "对等关税2.0"的核心变化体现在两个方面：首先，对关税税率进行了系统性重构，将大部分经济体的税率下调并归入10%至40%不等的多个档次，其税率高 低主要取决于与美国的贸易关系及谈判进展；其次，为封堵规避关税的"漏洞"，取消了适用于所有经济体的800美元以下小额包裹免税政策，并专门针对转 运行为增设了高达40%的惩罚性关税。 这些举措预计将产生以下影响：一是将继续推高美国的平均关税税率，增加关税收入，推升美国通胀；二是严厉的"转运税"围堵转口贸易，将冲击全球供应 链产业链的稳定性，推高全球生产与贸易成本；三是对于中国而言，此次全面收紧关税政策，围堵转出口以及取消小包裹免税，或对中国出口造成进一步的 冲击。 "对等关税2.0"有哪些变化 "对等关税2.0"相比"1.0版本"有了较大变化。"对等关税1.0"的设定不具备科学性，是按照美国对各经济体商品贸易逆差 ...

Group 1 - The semiconductor sector experienced a significant rise today, with Dongxin Co. and Star Semiconductor hitting the daily limit, while Guoke Micro and Shenkong Co. increased by over 7% [1] - Guoxin Securities maintains a positive outlook on the semiconductor industry, emphasizing the favorable opportunities in analog and memory sectors, and expects a valuation expansion trend in the electronics sector by 2025 due to the convergence of macro policy cycles, industry inventory cycles, and AI innovation cycles [1] - Tianfeng Securities projects continued optimistic growth in the global semiconductor market through 2025, driven by AI-related downstream growth, while highlighting the ongoing risks related to supply chain disruptions and restructuring [1] Group 2 - The second quarter performance forecasts for various companies in the semiconductor sector are promising, and there is an expectation for a peak season in the third quarter, suggesting a focus on the performance elasticity of memory, power, foundry, ASIC, and SoC segments [1]

近年来三季度的"经济观察期"特征都较为明显。 | | | | | 中国经济月度前瞻 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 8月(预测) 7月(预测) | | | 6月 | 5月 | 4月 | | 内霊 | 工业 | 6.5 | + | 6.7 | | 6.8 | 5.8 | 6.1 | | | 投资 | 2. 5 | + | 2. 6 | + | 2.8 | 3.7 | 4. 0 | | | 消费 | 4.4 | - | 4.4 | - | 4.8 | 6.4 | 5.1 | | 外需 | 대 디 | 5.5 | + | 5.8 | | 5.9 | 4. 7 | 8.1 | | | 进口 | 0. 8 | l | 0. 8 | - | 1.1 | -3.4 | -0. 3 | | 价格 | CPI | -0. 4 | 1 | -0.2 | 1 | 0.1 | -0. 1 | -0. 1 | | | PPI | -2.6 | 4 | -3.3 | 1 | -3.6 | -3.3 | -2.7 | | 货 ...

Core Viewpoint - The recent rumors regarding price increases for infant formula following the announcement of national childcare subsidies have been refuted by several major dairy companies, indicating that the market conditions do not support such price hikes [1] Company Responses - Major dairy companies including Yili (伊利股份), China Feihe (中国飞鹤), and Beingmate (贝因美) have publicly stated that they have not raised prices for their infant formula products [1] - Beingmate specifically urged consumers not to believe or spread rumors about price increases, confirming that all products remain at their previous prices [1] Market Analysis - Industry analysis suggests that the declining birth rate in China has led to an oversupply in the infant formula market, resulting in intensified competition that does not favor price increases [1] - Despite social media claims of price hikes ranging from 30 to 50 yuan per can, investigations into the pricing of major brands over the past 180 days show no overall upward trend in prices [1]

Core Points - The article highlights the significant issue of historical abandoned mines in China, with approximately 99,000 such mines and 420,000 hectares of land requiring remediation [1][5] - The Ministry of Ecology and Environment is set to introduce technical standards for investigating solid waste pollution in historical mining areas to enhance pollution prevention and ecological protection [1][2] Group 1: Current Situation - China has around 99,000 abandoned mines, including approximately 75,000 non-metallic mines, 11,700 metallic mines, and 12,300 energy mines [1] - The majority of these abandoned mines are small-scale, with 928,000 being small-sized and 62,000 being medium to large-sized [1] - The mining activities primarily utilize open-pit methods, contributing to significant land occupation and heavy metal pollution [1] Group 2: Regulatory Framework - The newly revised Mineral Resources Law includes a dedicated chapter on ecological restoration in mining areas, mandating local governments to organize remediation efforts when the responsible parties are untraceable [2] - The law emphasizes compliance with relevant regulations and technical standards for pollution control in mining areas [2] Group 3: Challenges in Waste Management - Historical solid waste in mining areas is characterized by its hidden nature, scattered distribution, and extensive range, making identification and assessment challenging [2][3] - The lack of specific technical standards for investigating historical mining waste and surrounding environmental media complicates remediation efforts [3] Group 4: Proposed Investigation Standards - The draft proposal outlines conditions under which historical mining waste may be deemed non-polluting, allowing for the exclusion of sampling investigations [4] - For waste that cannot be ruled out as polluting, sampling and analysis of surrounding environmental media will be required, utilizing advanced measurement techniques [4] Group 5: Remediation Strategies - The draft emphasizes a combination of natural recovery and artificial restoration for solid waste remediation, advocating for a systematic approach to pollution control [6]