Group 1 - The article discusses the contrasting performance between "new consumption" and "old consumption" sectors in the Chinese capital market, highlighting the rapid rise of stocks related to new consumption, such as Pop Mart, Laopu Gold, and Mixue Ice City, while traditional sectors like liquor and dairy are underperforming [3]. - New consumption is defined as a new model of consumer goods and services centered around the needs of the younger generation, characterized by the rise of domestic brands, spiritual and self-satisfying consumption, and high growth trends [3]. - The article attributes the rapid rise of new consumption to multiple driving factors, including generational shifts, internet promotion, and economic development alongside consumption downgrading [3].

Core Viewpoint - Japan plans to deny visa extensions for foreigners who have not paid taxes and social security contributions, aiming to enforce compliance and improve revenue collection [1] Group 1 - The Japanese government is tightening regulations on foreign residents regarding tax and social security payments [1] - This policy change is expected to impact a significant number of foreign workers in Japan, particularly those in low-wage sectors [1] - The move is part of a broader strategy to enhance fiscal discipline and ensure that all residents contribute to the social security system [1]

Core Viewpoint - The article discusses the cultural war initiated by Trump, aiming to eliminate liberal influences in the arts and promote a patriotic, conservative American culture [1][7][16]. Group 1: Events and Performances - The "International Pride Symphony Orchestra" held a performance in Washington, featuring a drag queen host and a transgender pianist, under the flags of the U.S. and LGBTQ+ rights [3]. - The performance was initially scheduled at the Kennedy Center but was canceled after Trump assumed control and replaced the board with his allies [4][6]. Group 2: Reactions and Resistance - Various arts organizations, including "Washington Performing Arts," announced they would no longer use the Kennedy Center for upcoming seasons, indicating a silent resistance to Trump's influence [8]. - Some popular shows, like the Broadway musical "Hamilton," publicly opposed Trump, leading to cancellations at the Kennedy Center, while many individuals chose to avoid direct political actions [9]. Group 3: Trump's Actions and Policies - Trump signed an executive order targeting the Smithsonian Institution, demanding changes to exhibitions he deemed divisive, particularly those addressing racial issues in American history [10][12]. - Despite Trump's orders, the Smithsonian American Art Museum's exhibition remained unchanged, and LGBTQ+ pride events continued as scheduled [12]. Group 4: Cultural Division and Future Implications - Public opinion is divided, with most Democrats opposing Trump's interference in the arts, while over half of Republican supporters approve of it [16]. - The ongoing cultural war reflects a broader struggle between conservative and liberal values, with experts suggesting that Trump's actions may lead to a regression in cultural values and threaten the core of artistic expression [16].

Core Viewpoint - Nidec has acquired Xecom, a Chinese company specializing in high-performance scroll compressors for air conditioning and refrigeration, to expand its market presence in China and enhance its technology portfolio [1][2]. Group 1 - Nidec announced the acquisition of Xecom on July 8, with Xecom's revenue approximately 2.5 billion yen [1]. - The acquisition allows Nidec to gain technology related to compressors used in refrigeration and air conditioning [1][2]. - Following the acquisition, Xecom's name was changed to Nidec Scroll Technology, located in Changzhou, Jiangsu Province [1]. Group 2 - Nidec obtained 100% ownership of Xecom through its Chinese subsidiary [2]. - Xecom was founded in 2021 and is expected to have around 75 employees by December 2024 [2]. - Xecom has a competitive advantage in the design and manufacturing of components for high-performance scroll compressors [2].

美国财政部长贝森特（Reuters） 贝森特计划7月19日前后访日，能否实现与赤泽亮正的会谈备受关注…… 日本经济新闻（中文版：日经中文网）7月8日获悉，美国财政部长贝森特计划7月19日前后 访日，出席大阪关西世博会的活动。贝森特负责与日本的关税谈判，但目前还没有敲定正式 的部长级磋商等计划。 赤泽此前共7次访美，但没有取得具体成果。 参加世博会的国家均举行介绍各自文化和传统的"国家日"活动，"美国日"定在7月19日。贝 森特将作为美国代表参加活动。 他将很难参加7月17日至18日在南非举行的二十国集团（G20）财长和央行行长会议。美国 特朗普政府主张G20轮值主席国南非正在迫害白人。 日本经济新闻（中文版：日经中文网）高见浩辅 华盛顿报道 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： 美国政府相关人士透露了上述消息。此次是美国财政部长自1月28日上任以来首次访日。 美国总统特朗普7月7日刚刚宣布，从8月1日起对日本征收25%的关税。贝森特访日时能否实 现与日本经济财政兼再生相赤泽亮正的会谈备受关注。 ...

Group 1 - Toyota's new car sales in China from January to June increased by 6.8% year-on-year, reaching 837,700 units, marking the first time in four years that it surpassed the previous year's performance in the same period [1] - The combined new car sales of Honda and Nissan in China decreased by double digits, with a total decline of 7% to 1.43 million units compared to the same period [1] - Japanese automakers are lagging in the EV and PHV sectors in China, with sales down 40% compared to the recent peak in 2021 [1] Group 2 - FAW Toyota, a joint venture with China's First Automobile Group, saw a sales increase of 16.3% to 377,800 units, while GAC Toyota, in partnership with Guangzhou Automobile Group, grew by 0.6% to 364,200 units [2] - Lexus, the luxury brand, experienced a 1.3% increase in sales, reaching 85,600 units [2] - Honda's new car sales in China from January to June fell by 24.2% to 315,152 units, with the Accord and CR-V remaining strong but other models underperforming [2] Group 3 - Nissan's sales decreased by 17.6% to 279,546 units, with both Honda and Nissan losing market share to Chinese manufacturers [3] - In June alone, Toyota's sales grew by 3.7% to 157,700 units, while Honda's sales dropped by 15.2% to 58,468 units, and Nissan's sales increased by 1.9% to 53,843 units [3]

Core Viewpoint - The Trump administration plans to impose additional tariffs on imported copper and related products, with a 50% tariff on copper and a 200% tariff on pharmaceuticals and their raw materials, aiming to boost domestic production and reduce import dependency [1][2]. Group 1: Tariff Implementation - The additional tariffs on copper and pharmaceuticals are expected to be officially announced soon, with the copper tariffs likely to take effect between late July and early August [1][2]. - The tariffs will cover not only copper itself but also a wide range of copper-related products, including copper wire, scrap copper, and other derivatives [2]. Group 2: Market Impact - Following the announcement of the proposed copper tariffs, copper futures on the New York Commodity Exchange (COMEX) rose to $5.89 per pound, marking an increase of nearly 20% compared to levels before the tariff announcement [2]. Group 3: Domestic Production Goals - The Trump administration aims to increase domestic copper production by 70% by 2035, reducing import reliance from 45% to 30% [3]. - The administration is advancing the "Resolution Copper Mine" development plan in Arizona, which has faced opposition from local indigenous groups [3]. Group 4: Strategic Importance of Copper - Copper is considered a critical material for national security, ranking second in usage among various materials by the U.S. Department of Defense, and is essential for infrastructure and electric vehicles [2][3].

Group 1 - The imposition of a 10% reciprocal tariff and tariffs on the automotive industry is estimated to reduce Japan's real GDP by 0.2%, while an increase to 25% would expand the GDP decline to 0.4% [1][3] - Japan's exports to the United States account for approximately 20% of its total exports, with significant products affected by the potential 25% tariffs, including aircraft parts and construction machinery [1][2] - The construction machinery sector, particularly companies like Komatsu, has over 50% of its exports directed to the U.S., indicating a substantial impact from increased tariffs [2] Group 2 - The total export value of aircraft parts from Japan is 307.9 billion yen, with 76.5% of this amount going to the U.S., highlighting the vulnerability of this sector to tariff increases [1] - Major Japanese manufacturers in the metal processing machinery sector, such as DMG Mori and Makino Milling Machine, are planning to pass on tariff costs to customers as additional fees, reflecting the broader industry strategy to mitigate financial impacts [2] - The Japan Economic Federation (Keidanren) has expressed significant concern regarding the potential impact of increased tariffs on corporate investment strategies and profitability, indicating a widespread sentiment of crisis among Japanese businesses [2]

日经GO Switch 2供应短缺状况或于明年春季缓解 原创 阅读全文 ...

Core Viewpoint - The article discusses the case of Chen Yiyi, a former executive of Hubei Amarvel Biotech, who was involved in an international drug trafficking operation, specifically related to fentanyl, and highlights the complexities of the organization behind it, including connections to Japan and a figure named Fengzhi Xia [1][8][26]. Group 1: Company Involvement - Hubei Amarvel Biotech was implicated in the illegal export of fentanyl precursors to the United States, playing a crucial role in the drug trafficking network [8][10]. - The company utilized various online platforms to sell dangerous drugs, employing at least 10 sales personnel who communicated in multiple languages to promote their illegal products [10][12]. - The organization employed sophisticated methods to disguise shipments, including altering labels to make them appear as legitimate goods, thus evading customs inspections [12][13]. Group 2: Key Individuals - Chen Yiyi served as a translator for her superior Wang Qingzhou and was responsible for designing the illegal drug sales website [3][8]. - Wang Qingzhou and Chen Yiyi were arrested in Fiji and charged with illegally exporting fentanyl precursors to the U.S. [3][8]. - Fengzhi Xia, identified as a key figure in the operation, was linked to multiple companies in China and was believed to be orchestrating the drug trafficking activities from Japan [15][18][22]. Group 3: Operational Tactics - The organization maintained a complex web of companies across Japan, China, and the U.S. to facilitate drug trafficking while avoiding detection [14][16]. - They promised a high success rate for shipments passing through U.S. customs, indicating a well-planned operation with multiple transit points [13][17]. - The use of Japan as a base for operations was strategic, leveraging the country's reputation for quality and lower scrutiny regarding drug-related crimes [22][23]. Group 4: Legal Proceedings - In January 2025, a jury found Chen Yiyi and others guilty, marking a significant legal action against the fentanyl trafficking network [8][25]. - Chen Yiyi's testimony revealed critical information about the organization, including the identity of the Japanese boss, which may have been an act of self-preservation [26].