Core Insights - Alibaba Cloud's AI model "Qwen" ranks 6th among 113 models in the "AI Model Scoring" list published by Nikkei, surpassing China's DeepSeek model [1][3] - The open-source nature of Qwen has led to its adoption by various emerging companies in Japan, including ABEJA, which developed the "QwQ-32B Reasoning Model" based on Qwen [3][4] - Qwen's performance in logical reasoning and mathematics has been highlighted, showcasing its capabilities beyond basic language skills [3] Group 1: Model Performance and Adoption - Qwen's "Qwen2.5-Max" model ranks 6th in a comprehensive performance evaluation conducted by NIKKEI Digital Governance, demonstrating strong performance in grammar, logical reasoning, and mathematics [3] - The open-source model "Qwen2.5-32B" ranks 26th, outperforming Google's "Gemma-3-27B" and Meta's "Llama-3-70B-Instruct" [3] - Japanese companies are increasingly utilizing Qwen, with ABEJA's model based on Qwen ranking 21st overall [3][4] Group 2: Global Recognition and Future Plans - Qwen has gained significant attention outside Japan, with over 100,000 derivative models developed on the "Hugging Face" platform [5] - Alibaba Cloud is considering providing debugging and customization services for Japanese companies, allowing them to utilize Qwen without transferring data overseas [5] - Alibaba Cloud aims to increase the number of projects using Qwen in Japan to over 1,000 within three years [6] Group 3: Research and Evaluation Methodology - The AI model scoring evaluation involved over 6,000 questions across 15 categories, assessing language ability and ethical considerations [7] - The evaluation was conducted in collaboration with Weights & Biases, focusing on models' performance in Japanese [7]

Core Viewpoint - The "Shanghai Fair" is a significant international exhibition platform aimed at cross-border procurement, business negotiations, and brand promotion, showcasing Shanghai's products and services in Japan for the first time [1][2]. Group 1: Event Details - The "Shanghai Fair" will take place on May 8-9, 2025, at Osaka INTEX HALL1, marking it as one of the largest regional overseas exhibitions organized by Shanghai in recent years [2]. - The event is organized by the Shanghai Economic Association, Shanghai Modern Service Industry Association, and Shanghai Public Diplomacy Association, with support from various Japanese organizations [2]. Group 2: Exhibition Scope - The exhibition will cover a wide range of sectors, including BtoC areas such as clothing, electronics, watches, toys, cosmetics, and food and beverages, as well as BtoB sectors like chemical raw materials, new materials, agricultural products, metals, new energy, semiconductors, biomedical and medical devices, and robotics [1][2]. - Over 170 companies and organizations are expected to participate, providing opportunities for attendees to engage with exhibitors [1].

Group 1 - The UK and India have reached an agreement on a Free Trade Agreement (FTA) after more than 10 rounds of negotiations since January 2022, with concerns over "Trump tariffs" accelerating the talks [1][2] - The agreement is expected to benefit both nations, with UK Prime Minister Starmer stating it will bring advantages to British citizens and businesses, while Indian Prime Minister Modi emphasized trade, investment, economic growth, job creation, and innovation [1][2] - The UK government estimates that 90% of goods exported to India will see a reduction in tariffs, with significant cuts in tariffs for whiskey and gin from 150% to 75%, and eventually to 40%, while car tariffs will drop from over 100% to 10% [1][2] Group 2 - India's exports to the UK will also benefit, with reduced tariffs on products such as clothing, footwear, and frozen shrimp [2] - The trade agreement is projected to increase trade between the UK and India by £25.5 billion by 2040, contributing an additional £4.8 billion to the UK's GDP [2] - This FTA is a significant step for the UK post-Brexit, following its entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), while India aims to boost its domestic manufacturing in sectors like automobiles and smartphones [2]

美国2025年的贸易逆差维持在历史高位。由于贸易政策的不确定性，美国企业的景气度恶化…… 美国商务部5月6日发布的3月贸易统计数据显示，贸易逆差额（经季节调整后）达1405亿美 元，创出历史新高。继贸易逆差额较大的1月和2月之后，在3月抢在正式加征关税之前的进口 进一步加速。 市场原本预测美国3月的贸易逆差额为1376亿美元。1月实际贸易逆差额为1307亿美元，2月为 1232亿美元。3月的出口同比增长0.2%，达到2784.56亿美元，进口同比增长4.4%，达到 4189.55亿美元。 抢在正式加征关税之前的进口推高了美国的贸易逆差（1月，加州，REUTERS） 美国总统特朗普2月宣布引入"对等关税"，并于4月2日公布了详情。针对钢铁和铝制品的25%关 税于3月12日生效，对从中国进口的商品在2月到3月期间共加征了20%的关税。这可能对3月的 进口额产生了影响。 美国企业根据特朗普第一次上台执政期间的经验，提前做好了贸易战的准备。2025年的贸易逆 差维持在历史高位，美国商务部4月底公布的2025年1～3月的美国GDP（速报值）增长率因净 出口（出口减去进口）而被拉低。再加上个人消费乏力，美国经济陷入了3年 ...

Core Viewpoint - China's manufacturing policies, particularly "Made in China 2025," have significantly expanded the scale of industries such as photovoltaic power generation and high-speed rail, leading to both global market dominance and international friction due to overproduction [1][3]. Photovoltaic Power Generation - By 2024, China's installed photovoltaic capacity is projected to reach 338 GW, approximately 18 times that of 2015, accounting for nearly 60% of the global total [3]. - Chinese companies dominate the production of photovoltaic components, with over 80% market share in solar cells, wafers, polysilicon, and metal silicon [3]. - China's supply capacity for photovoltaic panels is expected to reach 1,036 GW in 2023, 1.9 times the global demand, leading to price declines and the elimination of some European companies [3]. High-Speed Rail - China's high-speed rail operating mileage is set to reach 48,000 kilometers by 2024, 2.5 times that of 2015, representing nearly 70% of the global total of approximately 59,400 kilometers [4]. - By the end of 2024, China's high-speed rail mileage will be about 15 times that of Japan's Shinkansen, solidifying its absolute lead in scale [4]. - In the fiscal year 2024, China Railway Rolling Stock Corporation (CRRC) is expected to achieve sales exceeding 3 trillion yen in its railway manufacturing division, surpassing competitors like France's Alstom [4]. Overseas Expansion Challenges - Despite the ambitious goals of "Made in China 2025" to establish a world-leading modern railway transportation industry, CRRC's overseas sales accounted for only over 10% in the fiscal year 2024, indicating ongoing challenges in international expansion [5]. New Materials - China's new materials industry accounts for approximately 30% of the global market, with leading positions in several sectors [6]. - In the market for key electric vehicle battery materials, Chinese companies have risen to dominate, with the top five positions held by them as of 2023, a significant shift from 2013 when Japanese firms led [6]. - Although China's autonomous innovation capabilities are still developing, R&D investments by leading companies are increasing, and advancements in high-performance products are expected to accelerate with the application of artificial intelligence [6].

日经GO 视频：在大阪世博会上能遇到25年后的自己！？ 原创 阅读全文 ...

Core Viewpoint - The article discusses the increasing geopolitical tensions between the US and China regarding rare earth elements, highlighting the potential impact on global supply chains and the strategic importance of these materials in various industries, including electric vehicles and high-tech products [1][2][4]. Group 1: Geopolitical Tensions - The US has initiated an investigation into the import of critical minerals, including rare earths, citing security risks associated with reliance on China [1]. - China's export control measures on rare earths, particularly in response to US tariffs, are expected to disrupt global supply chains [2][4]. - The US Geological Survey indicates that China accounts for approximately 70% of global rare earth mining, despite a decrease from over 90% in 2010 [2]. Group 2: Domestic Regulations in China - The Chinese government is tightening control over rare earth mining and processing, limiting these activities to state-owned enterprises [3]. - New regulations aim to strengthen oversight of rare earths imported from countries like the US for processing [3]. Group 3: Applications and Market Impact - Rare earths are essential in various applications, including electric vehicles, wind turbines, high-performance magnets, and medical fields, earning the nickname "industrial vitamins" [4]. - Japan and the US together account for 53% of China's rare earth exports, indicating a significant dependency on these materials [4]. - The potential disruption in rare earth supply due to US-China tensions could have major implications for the global high-tech product supply chain [4].

台湾当局否认调整汇率，但在市场上，新台币买入仍占主导地位…… 从5月5日的纽约汇率行情来看，新台币对美元汇率急剧升值。与上周末相比升值6%，达到1美 元兑28新台币左右，创出2022年4月以来、时隔约2年的最高水平。美国彭博社报道称，作为 单日波动率创出了1988年以来的新高。随着与美国的贸易谈判，有观点认为美国将要求台湾 推动货币升值。 新台币一度升值至1美元兑28.815新台币。台湾当局否认调整汇率，但在市场上，新台币买入 仍占主导地位。 其背后是对台湾与美国关税谈判的市场预期。有观点认为，根据希望美元贬值的美国总统特 朗普的意向，台湾方面在关税谈判中就货币升值达成了协议。新台币在上周末的5月2日也对 美元出现了升值。 路透社报道称，赖清德5月5日发表紧急声明，否认了这种市场观测，并明确表示"正因为造成 台美贸易逆差的原因与汇率无关，台美之间的谈判，自然不会提及汇率议题"。 台湾的中央银行也在当天举行记者会，总裁杨金龙表示："央行也呼吁厂商不要听信市场过度 夸大或不实的分析，产生非理性的预期而抛汇，最终反而损及自身利益"。 市场对新台币维持升值预期。由于考虑到美国关税政策的抢搭末班车出口，台湾的出口额处 ...

编者按： 特朗普政权诞生的美国。尽管社会上弥漫着对现状的愤怒和不满，经济却处于巅峰 状态，超级大国的地位依然稳固。美国的强大与脆弱究竟源自何处？《日本经济新闻》美国 当地记者报道那些日常新闻中未曾展现的 " 真实美国 " 。本栏目不定期刊登。 在2024年3月的美国奥斯卡颁奖典礼上，获得最佳女配角奖的佐伊·索尔达娜（Reuters） 2024年好莱坞电影在全球票房市场的份额降至69.5%。2009至2010年这一比例曾超过90%。作 为全球最大的电影市场之一，中国大力扶植本土电影产业，市场份额从5.5%上升至16.5%…… 据美国数据调查网站"The Numbers"统计，2024年好莱坞电影在全球票房市场的份额降至 69.5%。2009至2010年这一比例曾超过90%，即便是在2014年也高达85.6%，但过去10年间足 足下降了16个百分点，跌破七成。 电影市场的全球分裂趋势，正如政治格局的分裂一般。作为全球最大的电影市场之一，中国 大力扶植本土电影产业，市场份额从5.5%上升至16.5%。印度作为亚洲的电影大国，尽管在票 房占比上仍仅有2%，但影响力正在扩大。 与此同时，日本的动漫电影在全球大受欢迎，市 ...

参与会议的美国大型银行和美国信投公司的高层解释了许多企业对关税的担忧。美国花旗集 团首席执行官Jane Fraser表示，客户企业"把部分支出提前，并推迟投资决策。仍在观望中"。 Jane Fraser还表示："大部分客户认为，如果关税率为10%是可以承受的，如果是25%则不可承 受"。美国已对许多国家和地区实施了统一的10%的对等关税，在此基础上的附加部分除了中 国之外已暂时停止。 美国大型投资公司KKR的联合创始人Henry Kravis表示，最近对话的企业经营者都将"关税视 为首要课题，正在考虑如何应对"。与他一起发言的KKR联合创始人George Roberts表示，由 于美国政府在某些领域表现出让步的姿态，在单独进行的双边贸易谈判中"将达成协议"，持乐 观态度。 日本经济新闻（中文版：日经中文网）竹内弘文 洛杉矶 出席米尔肯研究所全球会议的国际货币基金组织（IMF）总裁格奥尔基耶娃（5月5日，洛杉矶，REUTERS） IMF总裁指出，特朗普关税将改变传统的国际贸易体系，转向新体系伴随着不确定 性，"影响深远"。花旗集团CEO表示："大部分客户认为，如果关税率为10%是可以承受的，如 果是25%则不可 ...