Core Viewpoint - The article discusses the recent trend of wealthy individuals establishing universities in China, exploring their motivations beyond mere prestige and the implications for higher education in the country [4][5][9]. Group 1: Motivations for Establishing Universities - Wealthy individuals, such as Zhong Shanshan and Cao Dewang, are investing hundreds of billions to establish universities, indicating a shift in their philanthropic focus from primary education to higher education [5][6]. - The motivations for these entrepreneurs include social contribution and legacy building, with aspirations to create institutions comparable to prestigious universities like Stanford [11][13]. Group 2: Comparison with Existing Universities - The article compares the budgets of newly established universities with those of existing 985 universities, highlighting that the funding from these entrepreneurs, such as Cao Dewang's 10 billion and Zhong Shanshan's 40 billion, is substantial but may not be sufficient for long-term sustainability [15][20]. - For instance, the annual budget for Tsinghua University is 32.15 billion, while the funding from these entrepreneurs may only cover a fraction of operational costs [15][20]. Group 3: Operational Challenges and Support - The universities established by these entrepreneurs are often non-profit, allowing them to receive government support, tax benefits, and land use advantages, which are crucial for their sustainability [22]. - The article emphasizes that while these entrepreneurs are making significant investments, the long-term viability of these institutions may depend on continued government support and the entrepreneurs' ability to maintain funding [24][22]. Group 4: Potential Impact on Higher Education - The establishment of these universities could potentially transform the landscape of higher education in China by integrating industry resources with academic research, addressing a critical gap in the current educational system [34]. - However, the article raises concerns about the longevity of these institutions, questioning whether they can survive beyond the founders' financial backing and influence [24][30].

在东京23区租房独居已成"奢侈品" 原创 阅读全文 日经GO ...

Core Viewpoint - Hong Kong is set to launch a licensing system for stablecoins backed by fiat currency, which may pave the way for the issuance of RMB-denominated stablecoins, especially in the context of the U.S. pushing for USD-backed stablecoins through the GENIUS Act [2][6]. Group 1: Regulatory Developments - The Hong Kong Monetary Authority (HKMA) emphasizes the importance of promoting the healthy and responsible development of digital assets to reinforce Hong Kong's status as an international financial center [4]. - The new stablecoin regulations, effective from August 1, 2023, require companies to obtain a license from the HKMA to issue and sell stablecoins [6]. - Approximately 50 companies have reportedly applied for licenses to issue stablecoins in Hong Kong [6]. Group 2: Market Context and Implications - The stablecoin market is currently dominated by USD-backed stablecoins, which account for 99% of the total [2][8]. - The introduction of stablecoins linked to the Hong Kong dollar or USD is expected to facilitate online shopping and may have broader applications in digital asset settlements [4]. - The offshore RMB market in Hong Kong is significant, with the region accounting for about 76% of offshore RMB transactions, and the offshore RMB deposits reaching 1 trillion yuan [7]. Group 3: Strategic Positioning - The issuance of RMB-denominated stablecoins is seen as a strategic move for China to counter the dominance of the USD in the digital currency space, especially as the U.S. strengthens its financial position through legislation like the GENIUS Act [6][8]. - The Chinese government is cautious about capital outflows and has banned domestic virtual currency trading while supporting Hong Kong as a testing ground for virtual currency policies [6]. - Morgan Stanley predicts that the issuance of offshore RMB-denominated stablecoins could occur between the end of 2025 and 2026, despite existing challenges [8].

停放在 中国的港口等待出口的汽车（Reuters） 中国1~6月的汽车出口量同比增长10％，达到308万辆。日本增长1％，为204万辆。中国竞争 力较强的新能源车的出口快速增长。 从2025年全年的预期来看，中国继续保持世界出口第一的可能性 很大…… 日本汽车工业会7月31日发布的数据显示，2025年1～6月日本汽车出口量同比增长1％，达到204万辆。 中国同一期间的出口量同比增长10％，达到308万辆，连续3年位居世界第一。竞争力较强的纯电动汽车 （EV）等新能源车的出口快速增长。 美国在4月针对日本出口的汽车启动了25％的追加关税。但由于当地的新车需求坚挺，日本乘用车出口 量同比增长1％，达到184万6703辆。卡车出口量同比增长3％，达到14万5803辆。日本对美1～6月的汽 车出口总量是两年来首次出现同比增长。 另一方面，中国的EV和插电式混合动力汽车（PHV）等新能源汽车的出口增长。据中国汽车工业协会 发布的数据，新能源车占出口量的3成以上。电池材料等核心构件的供应链日趋成熟，中国已成为将具 有竞争力的车型推广到全球的基地。 从2025年全年的预期来看，中国继续保持世界出口第一的可能性很大。日本自2 ...

特朗普的总统令向约70个国家和地区提出了10%~41%的新对等关税税率。新税率将从8月7日开 始适用。日本的税率将从目前的10%提高到15%。中国大陆被排除在此次新税率的对象之外…… 美 国总统特朗普7月31日签署了向各国征收对等关税的新税率的总统令。向约70个国家和地区提出了 10%~41%的新税率。新税率将从8月7日开始适用。日本的税率将从目前的10%提高到15%。 根据总统令，税率最高的是叙利亚的41%，最低的是英国等的10%。在公布新税率的国家和地区中，包 括日本在内的一半以上为15%。未公布新税率的国家的一律为10%。 应对向美国"迂回出口"的内容也被纳入总统令。如果为逃避关税而迂回出口，税率将提高到40%，并征 收罚款等。 在汽车关税方面，由于与对等关税的法律依据不同，因此被排除在此次总统令之外。截至7月31日晚间， 修正美国对日本25%汽车关税税率的总统令仍未签发，日美达成一致的下调至合计15%可能要推迟到日 后。 美国特朗普政府在4月9日全面启动对等关税后，决定将部分关税暂停90天至7月9日，这段时间用于与各 国进行谈判。特朗普随后将谈判期限延长至8月1日。在此期间，各国适用10%的基本税率。 ...

Core Viewpoint - The unexpected exclusion of refined copper from the U.S. tariff list led to a significant drop in COMEX prices, as hedge funds sold off their positions anticipating losses [1][4]. Group 1: Tariff Announcement and Market Reaction - On July 30, the U.S. government announced a 50% tariff on imported copper products, but refined copper was not included, minimizing the impact on domestic importers and processors [3][4]. - The COMEX price for refined copper fell sharply, with the main contract dropping 20% to approximately $4.503 per pound (around $9,900 per ton), aligning more closely with LME prices [4]. - Hedge funds had previously increased their long positions, expecting further price increases, but were forced to sell off as the tariff announcement contradicted their expectations [4][5]. Group 2: Price Discrepancies and Trading Strategies - Prior to the tariff announcement, there was a price gap of about $2,600 per ton between U.S. and international prices, which was expected to widen with the new tariffs [5]. - Traders had been engaging in "tariff trading," importing refined copper from countries like South Korea and Taiwan to sell at higher prices in the U.S., but the exclusion of refined copper from tariffs undermined this strategy [5]. - The increase in U.S. copper inventories has led to a situation where domestic prices are now lower than LME prices, reflecting the market's adjustment to the new tariff landscape [5][6]. Group 3: Global Supply and Demand Dynamics - The global copper market is currently experiencing a supply surplus, with a reported excess of 272,000 tons from January to May [6]. - Concerns about China's economic outlook, as the largest consumer of copper, are contributing to downward pressure on demand [6].

美国撤 销免税措施的适用范围将从中国扩大到全世界（Reuters） 富士通的新型机以"逻辑量子比特"数量衡量的算力将达到世界最高水平，约为250个左右。目前 被认为最高水平的是IBM力争2029年完成的机型，富士通将比其高出25%…… 美国总统特朗普7月30日签署行政命令，全面撤销针对小额进口商品的免税措施。此前自5月起已对中国 撤销免税措施，适用范围将扩大至包括加拿大、墨西哥在内的全世界。 全面撤销的是被称为"低值免税（De Minimis Rule）"的免税措施。此前由于800美元以下的商品免征关 税，Temu和SHEIN等中国电商企业利用这一制度在美国销售低价产品。 在全面撤销免税后，使用eBay、亚马逊等电商平台的销售企业、中小进口商、个人将需要负担费用。 新制度8月29日起适用。与其他配送方式一样，根据商品的实际价值征收关税。对于国际邮件，作为暂 定措施可以选择6个月期间内对每个包裹根据各国税率支付80～200美元的定额关税的方式。 特朗普政府表示，小额货物中隐藏着非法物质。总统令中说明称，引入新制度的原因是为了阻止合成毒 品芬太尼流入美国。 日本经济新闻（中文版：日经中文网）渡边直树 硅谷报道 版 ...

Group 1 - The core product "Foam Transparent Soy Sauce" was launched by the Japanese company FUNDODAI in April 2025, following the success of its previous product "Transparent Soy Sauce," which sold 1.5 million bottles [2][3]. - The new foam version of soy sauce is designed to provide a unique presentation and texture, maintaining a foam consistency for approximately 30 minutes when dispensed [3]. - FUNDODAI has a long history, being established in 1869, and is actively proposing innovative uses for soy sauce and miso, including new product formats like sheet versions of these condiments [2].

Core Viewpoint - Fujitsu is collaborating with RIKEN to develop a new quantum computer that aims to achieve the world's highest computational power, with approximately 250 logical qubits, surpassing IBM's model by 25% expected to be completed by 2029 [1][2]. Group 1: Development and Technology - Fujitsu's new quantum computer will utilize superconducting technology, which involves cooling devices to extremely low temperatures to eliminate resistance [1][2]. - The company is transitioning from relying on overseas suppliers for key components like cryogenic machines to using domestic Japanese manufacturers, with IHI and Taiyo Nippon Sanso as potential partners [1][2]. - Fujitsu is optimizing the wiring of micro-components and control devices to enhance performance while maintaining compactness within a single cryogenic machine [2]. Group 2: Performance and Efficiency - The quantum computer developed using the STAR architecture in collaboration with Osaka University is expected to complete a task that currently takes five years on a supercomputer in about 10 hours [2]. - Fujitsu is focusing on both hardware and software advancements to surpass the computational speed of competing products, while also addressing energy efficiency and manufacturing cost reduction [2]. Group 3: Market and Applications - Quantum computers are anticipated to drive significant technological transformations across various industries, including drug development, new material research, finance, and electric vehicles (EVs) [3]. - The global quantum computing market is expected to expand alongside related industries as practical applications progress [3]. - The Japanese government is supporting the development of domestic quantum computers, with Fujitsu set to receive approximately 10 billion yen in subsidies from the New Energy and Industrial Technology Development Organization (NEDO) [3].

Core Viewpoint - The "China +1" strategy remains effective as companies seek to diversify their supply chains and reduce dependency on China, particularly in light of geopolitical tensions and trade barriers [1][2][3]. Group 1: Economic Policies and Reforms - Asian leaders are serious about implementing reforms despite existing non-tariff barriers, aiming to utilize the current situation to achieve previously unattainable reforms [2]. - Sustainable fiscal policies are essential for maintaining market trust and ensuring the ability to respond to future crises [2]. - The need for macroeconomic policy normalization is emphasized to avoid becoming prey to market speculators [2]. Group 2: Investment Opportunities - ASEAN is increasingly seen as a viable investment destination as part of the "China +1" strategy, although high U.S. tariffs pose challenges [2][3]. - Asia is viewed as the most suitable region for investment due to its demographic structure and political stability, making it easier to attract investment [3]. - A $10 billion support for urban infrastructure projects in India highlights the potential for large-scale investments in the region [3]. Group 3: Regional Integration and Trade - There is a call for high-quality trade agreements between Asia and Europe to enhance economic integration [3]. - The importance of domestic demand stimulation, infrastructure investment, and talent development is stressed for expanding trade relationships [3]. Group 4: Historical Context and Future Outlook - Japan has a historical tradition of learning from abroad, which is essential for revitalization and future growth [4]. - The need for Japan to open up and embrace diverse ideas and talents is highlighted as a path to greater happiness and prosperity [4].