以下文章来源于FT中文网 ，作者宋欣、周掌柜 编者荐语： 日本经济新闻社与金融时报2015年11月合并为同一家媒体集团。同样于19世纪创刊的日本和英国的两家 报社形成的同盟正以"高品质、最强大的经济新闻学"为旗帜，推进共同特辑等广泛领域的协作。此次， 作为其中的一环，两家报社的中文网之间实现文章互换。 机器人时代的来临，已不再是遥远设想，而是清晰可感的现实浪潮。它所牵动的不 止制造、服务，而是人与机器共生协作的全新范式。 文丨宋欣、周掌柜 机器人革命正在席卷全球，这一点全球机器人创新企业的高管们无比坚定。 在刚刚闭幕的2025年德国慕尼黑Automatica展会上，与会者仿佛置身于一个由算法融合钢铁 洪流的未来实验场：协作机械臂精准而柔顺，如舞者般在特定场景下高频率工作；机器人控 制AI屏幕实时响应，映衬着工业制造机器人生产线的新景象；机器人已经可以变形、感知、 对话、学习，而且正从"工具"跃升为"伙伴"——这不仅是一次技术展览，更是一场对人类生 产力边界的极限探索。 阅读更多内容请点击下方"阅读原文" （本文由FT中文网提供） FT中文网 . 英国《金融时报》集团旗下唯一的中文商业财经网站，旨在为中国商业菁 ...

Group 1 - The core concern is the stagnation of foreign investment in China due to fears of long-term economic stagnation and escalating US-China trade tensions, with foreign direct investment (FDI) in Q2 2023 being less than 10% of the peak level in Q1 2022 [2] - In Q2 2023, the net inflow of foreign direct investment was $8.7 billion, with new investments exceeding withdrawals, but the overall inflow remains at a low level [2] - The decline in foreign direct investment began in Q2 2022 due to the severe economic disruption caused by the lockdown in Shanghai, and negative growth in net inflow was first observed in Q3 2023 [4] Group 2 - China's GDP growth slowed to 5.2% year-on-year in Q2 2023, down from 5.4% in Q1 2023, reflecting a decrease in expectations for high growth amid a sluggish real estate market and insufficient domestic demand [5] - The ongoing impact of tariffs, including a 30% tariff on exports to the US, has increased costs for companies, further affecting their export capabilities [4][5] - The chief economist at Dai-ichi Life Research Institute noted that US vigilance regarding circumvention of tariffs is forcing companies to readjust their entire supply chains [4]

Core Viewpoint - The Chinese secondary dimension market is expected to reach approximately 597.7 billion yuan in 2024, nearly double the size of 2019, driven by the growing popularity of domestic IPs and government support for their development [1][9]. Market Expansion - The market for character-related sectors such as animation and gaming in China is rapidly expanding, with a projected market size of about 12 trillion yen (approximately 580.5 billion yuan) in 2024, doubling from five years ago [1]. - The "BiliBili World" event in Shanghai attracted around 300,000 attendees over three days, indicating a significant increase in interest and participation in the secondary dimension culture [8]. Domestic IP Popularity - The popularity of domestic characters is on the rise, exemplified by the success of the animated film "Nezha," which grossed over 15.4 billion yuan during the Spring Festival, setting a record for Chinese box office earnings [12]. - The top trending IPs on China's second-hand trading platform include "Love and Deep Space" and "Identity V," showcasing the growing presence of Chinese IPs alongside popular Japanese works [15]. Government Support - The Chinese government is actively promoting the development of original IP brands, as outlined in the "Special Action Plan for Boosting Consumption," which emphasizes support for the animation, gaming, and esports sectors [14]. - Policies in Shanghai aim to revitalize tourism through IP and support the development of original IPs, reflecting a broader governmental strategy to enhance the domestic market [14]. Future Projections - The secondary dimension market in China is projected to expand to 834.4 billion yuan by 2029, driven by increased production and circulation of animation and gaming content, as well as the growth of emotional value consumption [9].

从司机的国籍来看，韩国及朝鲜、中国大陆最多，均为51起，越南（31起）、巴西（25起）、菲律宾 （17起）等紧随其后。事故数量达到有统计数据的2005年以来的第5多。 日本的警察 在日本，2025年1～6月外国司机造成的死亡、重伤交通事故达到258起。占此类事故整体的2.1%，比 2016年的1.0%翻番。从司机的国籍来看，韩国及朝鲜、中国大陆最多。日本将收紧外国人换领驾 照…… 日本警察厅日前公布的数据显示，2025年1～6月外国司机造成的死亡、重伤交通事故比2024年同期增加 19起，达到258起。占此类事故整体的比例为2.1%，比2016年（1.0%）翻了一番，创出历史新高。随着 居留外国人和访日外国人的增加，交通事故也出现增加。 由于应对外国司机的事故成为课题，日本警察厅首次公布了对外国人交通事故的统计。 即使是外国籍，在日居留期间去日本的驾校学习，就可以取得日本的驾照。如果是德国等制度与日本相 当的国家的驾照，只要附带日文翻译，就可在日本驾驶。《日内瓦道路交通公约》的加盟国只要持有本 国颁发的国际驾照，也可在日本驾车。 按照外国司机的驾照种类观察2025年上半年的事故，日本驾照的事故为218起，占8 ...

Group 1 - The article discusses the tightening regulations on "special zone homestays" in Osaka City, indicating a shift towards stricter control over short-term rental properties [2] - It highlights the impact of these regulations on the local tourism industry, suggesting potential declines in occupancy rates and revenue for homestay operators [2] - The article mentions that the new rules aim to address concerns over safety, noise, and the overall quality of life for residents in affected areas [2] Group 2 - The article provides statistics showing a significant increase in the number of homestays in Osaka prior to the new regulations, with a reported growth of over 30% year-on-year [2] - It outlines the specific measures being implemented, such as mandatory registration for homestay operators and stricter enforcement of noise regulations [2] - The article concludes by noting that while these regulations may benefit local residents, they could pose challenges for the homestay market and affect the overall attractiveness of Osaka as a tourist destination [2]

Core Viewpoint - The global semiconductor investment landscape is experiencing significant growth driven by artificial intelligence (AI), with a projected equipment investment of $135 billion in 2025, marking a 7% increase from the previous fiscal year [2][4]. Group 1: Major Companies and Investment Plans - TSMC plans to start construction or launch factories in 9 locations worldwide by 2025, with an estimated investment of $38 to $42 billion, representing a 30% increase from the previous year [4]. - Micron expects to invest approximately $14 billion in the fiscal year 2025, a 70% increase year-on-year, focusing on high bandwidth memory (HBM) for AI data storage [5]. - SMIC, China's largest semiconductor foundry, plans to invest $7.5 billion in 2025, reaching a historical high [6]. Group 2: Market Trends and Dynamics - The semiconductor market is anticipated to grow in the coming years, driven by AI, with AMD predicting the AI semiconductor market will reach $500 billion by 2030, more than tripling from 2025 [5]. - There is a notable divergence in investment trends among major semiconductor manufacturers, with companies like Intel and Samsung experiencing declines in equipment investment due to market conditions [6]. - Global semiconductor manufacturing is set to see the establishment of 108 new factories from 2025 to 2027, a 30% increase compared to 2021-2023 [7]. Group 3: Regional Support and Competition - Various countries are providing support through subsidies to attract semiconductor manufacturing, influenced by geopolitical tensions and trade policies [6]. - The semiconductor equipment giant Tokyo Electron has adjusted its sales forecasts for new equipment due to changes in client investment plans, indicating potential supply surplus in certain semiconductor categories [7].

编者荐语： 日经中文网与36氪开展内容交换合作。将精选36氪的精彩独家财经、科技、企业资讯，与读者分享。 以下文章来源于36氪Pro ，作者神译局 Teresa 36氪Pro . 36氪旗下官方账号。深度、前瞻，为1%的人捕捉商业先机。 如果你想利用人工智能提升人脉拓展，不妨听听专家这些建议。 使用AI时，要牢记人际交往的目的是建立信 任。 译者 ｜ 神译局 Teresa 封面来源 ｜ 日经中文网 我们知道人工智能可以取代一些人与人之间的互动，但它能否为我们创造更多连接的机会呢？ 通过人脉拓展建立联系正成为求职过程中愈发关键的一环。根据员工推荐招聘平台Erin Technologies的研究，截至去年，约84%的 企业在招聘时采用员工推荐计划，而通过推荐的候选人中有30%最终被录用。相比之下，普通申请者的录用率仅为7%。 根据美国劳工统计局（Bureau of Labor Statistics）的数据，目前有超过700万人失业。人脉拓展专家指出，若能正确运用人工智 能工具起草邮件和LinkedIn信息，可助你获得推荐，使申请脱颖而出。 "人脉拓展不仅仅关乎你认识谁，更关乎让谁认识你，"《求职指南》一书的作者简 ...

Core Viewpoint - The financial performance of eight major Japanese electronic component manufacturers has deteriorated in the April to June 2025 period, with a slight decrease in sales and a significant drop in net profits due to yen appreciation and slowing EV sales growth [2][4][5]. Group 1: Financial Performance Overview - The combined sales of the eight companies for April to June 2025 amounted to 2.8747 trillion yen, showing a slight decrease compared to the previous year [4][6]. - Net profit for the same period decreased by 24%, falling to 183.9 billion yen, marking the first profit decline in two years [4][6]. - Seven out of the eight companies reported a deterioration in their final profits, with only Kyocera showing positive results [2][4]. Group 2: Individual Company Performance - Murata Manufacturing's net profit decreased by 25% to 49.7 billion yen, attributed to weak sales growth of high-priced smartphones in China [7]. - TDK's net profit fell by 30% to 41.4 billion yen, impacted by yen appreciation and reduced demand for automotive MLCCs [5][6]. - MinebeaMitsumi's net profit decreased by 17% to 10.8 billion yen, but the company raised its annual performance forecast due to lower-than-expected impacts from U.S. tariffs [4][6]. - Sun Yuden reported a loss of 876 million yen, a significant decline from a profit of 6.3 billion yen in the same period last year [4][6]. Group 3: Market Trends and Challenges - The smartphone component market is facing intense price competition, particularly from Chinese manufacturers, as the proportion of mid-to-low-priced smartphones increases [7]. - There is uncertainty regarding demand trends and ongoing tariff negotiations, leading some companies to maintain their annual forecasts despite the challenging environment [8]. - The demand for components related to data centers is increasing due to the rise of generative AI, presenting potential growth opportunities for the industry [8].

Core Viewpoint - The article discusses President Trump's announcement of a potential 100% tariff on imported semiconductors, which could disrupt the international supply chain and lead to increased costs for domestic semiconductor and electronic products. The announcement also includes incentives for companies like Apple to invest in domestic production to avoid tariffs [2][4]. Group 1: Semiconductor Industry Impact - The semiconductor industry relies on international division of labor, with production processes spread across various countries. A 100% tariff could significantly increase the costs of semiconductor products in the U.S. [2][6]. - The U.S. Semiconductor Industry Association (SIA) predicts that by 2030, the U.S. share of semiconductor manufacturing capacity will drop to 13%, leading to greater reliance on imports [6]. - Companies like Nvidia and TSMC are already making investments in the U.S. to mitigate the impact of tariffs, with Nvidia planning to produce up to $500 billion worth of products domestically over the next four years [6][5]. Group 2: Corporate Responses and Strategies - Apple has indicated that it could avoid tariffs by producing domestically, suggesting a strategic move to align with Trump's policies [4]. - TSMC's investment in the U.S. is seen as a potential shield against tariffs, as the company has already committed to increasing its investment to $165 billion [5]. - Existing investment plans from companies like Samsung and SK Hynix may also be scrutinized for tariff exemptions, highlighting the complexity of determining tariff liabilities based on production locations [7]. Group 3: Future Developments and Negotiations - The article notes that the specifics of the tariff implementation are still pending, with Trump expected to provide more details soon [9]. - The U.S. government is employing a strategy of initially proposing strict measures before negotiating, which may lead to ongoing discussions with semiconductor companies regarding investment and tariff exemptions [9].

美国移民与海关执法局的收容设施。除美国移民与海关执法局的标识（右），还有运营公司的招牌 白宫高级顾问斯蒂芬·米勒下令美国移民与海关执法局每天逮捕3000名非法移民。驱逐出境 前必须在国内某处设施临时关押。这些关押的设施虽然表面上属于美国移民与海关执法局的 设施，但实际上由民营企业运营…… 特朗普政府正在推进对非法移民的大规模打击，这为监狱运营公司的收容所业务带来了利 益。虽然关于监狱环境恶劣的批评和抗议不断扩大，但随着对增长前景的期待，运营公司的 股价大幅上涨。 "面临前所未有的增长机遇" "总是寒冷、饭菜拖延" 在作为通往纽约的门户、位于美国东部新泽西州的纽瓦克机场，驱车15分钟，有一座被铁丝 网围绕的荒凉建筑，坐落在工业区的正中央。这就是美国移民与海关执法局（ICE）临时关押 被捕非法移民的"德拉尼霍尔"。 "德拉尼霍尔"入口处聚集的美国移民与海关执法局的相关人员（美国东部新泽西州的纽瓦克，远藤启生摄） "那里总是很冷，水的味道怪怪的，饭菜有时拖到很晚才发"，今年5月曾去探视的玛雅女士这 样转述她丈夫所讲述的内部状况。随着被关押的非法移民人数增加，设施愈发拥挤，6月12日 部分被关押者因饥饿而引发暴动，甚 ...