《读卖新闻》在9月3日早报上刊登的对于"石破首相将辞职"报道的验证文章（KYODO） 《读卖新闻》在文章中说明称，虽然石破茂首相曾向身边人明确表示"将辞职"，该报基于此进行了报 道，但此后石破茂首相有可能改变了想法。文章中致歉道："对于出现误报的结果，向读者深表歉 意"…… 日本《读卖新闻》在9月3日的早报上刊登了对7月23日晚报和号外、以及24日早报所报道 的"石破首相将辞职"相关内容的验证文章。 称，对石破茂首相有可能改变想法这一点"思虑"不足。 《读卖新闻》在验证文章中详细刊登了基于采访的首相发言。文章中提及石破茂首相强调"我 没有说过要辞职"，《读卖新闻》主张自身"由于受到虚假说明，因此决定详细报道（石破茂 首相的）发言内容"。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 视频号推荐内容： 验证文章中说明称，虽然石破茂首相曾向身边人明确表示"将辞职"，该报基于此进行了报 道，但此后石破茂首相有可能改变了想法。文章中致歉道："对于出现误报的结果，向读者深 表歉意"。 《读卖新闻》在7月的号外中写道，首相"已下定辞职的决 ...

Core Viewpoint - The merger of China State Shipbuilding Corporation (CSSC) aims to enhance production and R&D efficiency amid challenges posed by U.S. regulations, with the goal of consolidating its position as the world's largest shipbuilding entity [2][4][11] Group 1: Merger Details - CSSC will merge its core companies, China Shipbuilding Industry and China Shipbuilding Heavy Industry, with the former absorbing the latter, leading to a projected sales revenue exceeding 130 billion RMB (approximately 18.5 billion USD) for the 2024 fiscal year [4] - The merger is driven by government initiatives to improve the capital efficiency of state-owned enterprises, following the establishment of a holding company, CSSC, in 2019 [5][6] Group 2: Market Position and Orders - In 2024, the combined order volume for CSSC is expected to reach 28.62 million deadweight tons, significantly surpassing Japan's total of 10.08 million deadweight tons, making CSSC nearly three times larger in terms of new orders [5] - The merger is anticipated to reduce operational costs by 8% to 10%, addressing inefficiencies caused by overlapping operations between the two previously independent companies [6] Group 3: Industry Challenges - The shipbuilding industry is facing a downturn, with new orders in the first half of 2025 projected to decline by 18% year-on-year, marking the first decrease in three years [10] - CSSC's new order volumes for the first half of 2025 have also shown significant declines, with a 36% drop for the industrial segment and a 28% drop for the heavy industry segment [10] - U.S. regulations are increasing operational costs for Chinese shipbuilders, leading to a trend of reduced orders from shipping companies [8][10]

Group 1 - Chinese investment in Brazil is driving a manufacturing wave, particularly in the electric vehicle and clean energy sectors [5][6] - Great Wall Motors is set to start production at a factory previously owned by Mercedes-Benz, focusing on hybrid vehicles, with the Haval H6 as the first model [6] - BYD has launched Brazil's first locally assembled electric passenger vehicle in a factory that was once owned by Ford [6]

Core Viewpoint - Japanese companies are increasingly optimistic about India's market potential, with 60% identifying it as a key development market, up from 40% in 2016, indicating a significant shift in focus towards India due to its expected market growth surpassing that of China [2][5]. Group 1: Business Expansion Plans - 59.1% of Japanese companies plan to strengthen their business in India, a rise of approximately 21 percentage points from the previous survey where 38% indicated interest in South Asia [4]. - The intention to enhance business in Western Europe increased by 28.8 percentage points to 44.8%, while North America saw a 16.9 percentage point increase to 68.8% [4]. Group 2: Challenges Faced by Companies - The most significant challenge identified by 63.6% of companies is "securing talent," followed closely by concerns regarding the U.S. economy (60.4%) and the Chinese economy (59.7%) [5]. - When asked about marketing challenges, 45.5% of respondents highlighted the need to "establish marketing systems and develop customers," while 31.2% focused on "product and merchandise development" [6]. Group 3: Survey Details - The survey was conducted from May 25 to June 23, targeting Japanese companies with consolidated sales exceeding 50 billion yen, receiving responses from 154 executives, predominantly from manufacturing (76%) and service sectors (24%) [6].

Core Viewpoint - The South Korean government under Lee Jae-myung is exploring the possibility of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to diversify trade in response to the U.S. tariff policies that have negatively impacted Korean exports [2][4][5]. Group 1: CPTPP Membership Exploration - The South Korean government held a meeting on September 3 to discuss the potential for joining the CPTPP, emphasizing the need for economic alliances among countries with similar positions [4]. - Previous attempts by the Moon Jae-in administration to join the CPTPP were unsuccessful due to deteriorating Japan-South Korea relations and opposition from domestic industries and agricultural groups [4][5]. - The current administration aims to improve Japan-South Korea relations, which is crucial for gaining Japan's support for South Korea's CPTPP membership [5]. Group 2: Economic Context and Cooperation - The backdrop of high tariffs imposed by the Trump administration has fostered a collaborative atmosphere between Japan and South Korea, focusing on shared economic challenges [5]. - The only existing economic cooperation framework involving both countries is the Regional Comprehensive Economic Partnership (RCEP), highlighting the need for higher-level economic cooperation [5]. - The CPTPP, which includes 12 countries such as Japan and Australia, covers not only tariff reductions but also the liberalization of services and investments, making it a significant trade agreement for South Korea to consider [5]. Group 3: Domestic and International Challenges - A key challenge for South Korea's CPTPP membership is the ongoing import restrictions on certain Japanese seafood products, which were implemented following the Fukushima nuclear disaster [5]. - The ability to lift these import restrictions and unify domestic opinions on the matter will be critical for South Korea's potential accession to the CPTPP [5].

Core Viewpoint - Murata Manufacturing anticipates a peak in performance around 2030, driven by the widespread adoption of AI-equipped devices, despite a projected decline in profits for the current fiscal year [3][10][12]. Group 1: Investment and Growth Strategy - The company plans to increase its capital investment for the fiscal year ending March 2026 to 270 billion yen, a 50% increase from the previous year, in anticipation of growing demand for electronic components due to AI [3][6]. - A new factory is under construction in Izumo City, Shimane Prefecture, with an investment of approximately 47 billion yen, set to become Murata's largest facility upon completion in 2026 [5][6]. - The company aims to expand its market share of multilayer ceramic capacitors (MLCC) to 43% by 2030, up from the current 40% [15]. Group 2: Market Position and Challenges - Murata holds the largest market share in the MLCC segment, which is essential for smartphones and electric vehicles, with about 40% of a global market valued at approximately 2 trillion yen [6][7]. - Despite its leading position, the company faces challenges due to stagnation in the smartphone and automotive markets, with a projected net profit of 177 billion yen for the fiscal year 2025, a 24% decrease from the previous year [9][10]. - The competitive landscape is intensifying, with companies from Taiwan and South Korea aggressively pursuing market share, prompting Murata to invest heavily to maintain its leadership [16]. Group 3: Historical Performance and Future Outlook - Historically, Murata has experienced performance peaks every 15 years, with significant profit margins during the fiscal years of 1984, 2000, and 2015, linked to technological advancements in electronics [11][12]. - The upcoming peak in 2030 is expected to be driven by the integration of AI in consumer electronics, with the company preparing for a surge in demand for electronic components [12][15]. - The company acknowledges the need for substantial investment to stay ahead of competitors and capture market share, even if it means sacrificing short-term profits [16].

Core Viewpoint - The article discusses the overheating of the second-hand market in Japan, where prices have surged to three times their original listing due to speculative trading behavior [2]. Group 1: Market Dynamics - The second-hand trading platform in Japan has seen a significant increase in transaction volumes, indicating a growing interest among consumers [2]. - Speculative trading has led to inflated prices, with some items being sold for three times their original price, highlighting a potential bubble in the market [2]. Group 2: Consumer Behavior - Consumers are increasingly turning to second-hand platforms as a cost-effective alternative, driven by economic factors and changing shopping habits [2]. - The trend reflects a broader shift in consumer preferences towards sustainability and value, as more individuals seek to purchase used goods rather than new ones [2].

Core Viewpoint - The article discusses the significant inflow of capital into the Hong Kong stock market from mainland China, driven by government policies aimed at stimulating consumption through stock price increases, while also highlighting the risks of capital outflow and potential depreciation of the Renminbi [2][9]. Group 1: Capital Inflows and Market Performance - Since the beginning of 2025, nearly 1 trillion Hong Kong dollars have been net bought by mainland Chinese funds in the Hong Kong stock market, exceeding the previous record set in 2024 by about 20% [2][8]. - The Hang Seng Index has risen over 20% compared to the end of 2024, outperforming other major indices like the Nikkei and the Dow Jones [8]. - The Shanghai Composite Index has reached its highest point since August 2015, reflecting a positive trend in the mainland stock market [8]. Group 2: Capital Outflows and Investment Restrictions - In July, a record net outflow of 58.3 billion USD occurred, marking a tenfold increase from June and the highest level since comparable data began in 2010 [6][9]. - The increase in outflows is attributed to the relaxation of overseas investment restrictions, allowing qualified domestic institutional investors (QDII) to invest abroad under certain conditions [7][8]. - The State Administration of Foreign Exchange expanded investment quotas by 2% in June, contributing to a more stable foreign exchange market and easing restrictions on overseas investments [8]. Group 3: Economic Implications and Consumer Behavior - The Chinese government is promoting stock investment to stimulate consumption through the wealth effect, especially in light of the declining real estate market [9]. - The share of housing in household assets is reported to be as high as 80%, and the decline in property values has increased the burden on consumer spending [9]. - The gap between bank deposits and loans reached a record high of 52 trillion yuan by the end of July, indicating a growing tendency towards savings amid economic uncertainty [9]. Group 4: Market Dynamics and Investor Behavior - The mainland stock market is primarily composed of individual investors, leading to volatility where prices can surge during bullish trends and plummet during bearish phases [11]. - Concerns have been raised regarding the lack of depth in the investor base and the potential for herd behavior during market fluctuations [11]. - Economic analysts caution that the underlying issues of insufficient demand in the real economy remain unresolved, which could impact market stability [11].

Core Viewpoint - Yadea's electric two-wheeler "PORTA" is set to enter the Japanese market, priced at 21.78 million yen (approximately 10,514 RMB), aiming to provide an affordable alternative to local brands [2][4]. Group 1 - The "PORTA" model is a modified version of the "Modern" electric scooter sold in China, tailored to meet Japanese specifications [2][4]. - The pricing of PORTA is significantly lower than that of Japanese brands, which typically exceed 300,000 yen [4]. - The vehicle has a rated output power of under 0.6 kW, classifying it as an electric lightweight motorcycle, with a charging time of 5-6 hours and a maximum range of 60 kilometers [4]. Group 2 - Yadea is the largest electric two-wheeler manufacturer globally, with annual sales exceeding 17 million units, and products exported to over 100 countries [4]. - The launch of PORTA coincides with Japan's upcoming stricter exhaust emission regulations, which will phase out existing gasoline-powered lightweight motorcycles by the end of October [4]. - HASEGAWA MOBILITY, Yadea's official importer in Japan, has initiated pre-orders for PORTA starting September 1, with an official release scheduled for November 1 [2][4].

Core Viewpoint - The Chinese AI industry is moving towards a stage of software and hardware integration, significantly reducing reliance on foreign products like those from Nvidia [2][4]. Group 1: Market Performance - The stock price of Cambricon Technology has surged, reflecting growing market confidence in the development of Chinese AI independent of American companies [2]. - The Shanghai Stock Exchange's STAR Market 50 Index rose by 8.6% on August 22, reaching a new high since February 2022, driven by optimism surrounding domestic AI advancements [4]. - Goldman Sachs raised Cambricon's target stock price from 1,223 yuan to 1,835 yuan, with the stock price doubling since late July [5]. Group 2: Technological Developments - DeepSeek released its new large language model (LLM) "V3.1" on August 21, which is designed for upcoming domestic chip architectures [4]. - Eight companies, including Cambricon and Huawei, passed the AI model adaptation test conducted by the China Academy of Information and Communications Technology [4]. Group 3: Future Projections - Cambricon expects its revenue for the fiscal year 2025 to reach between 5 billion to 7 billion yuan, which is 4.3 to 6 times higher than the previous year [6]. - The total market capitalization of Cambricon is projected to exceed 600 billion yuan, surpassing SMIC in the STAR Market [6].