Core Viewpoint - China is set to revise its electric vehicle (EV) battery safety standards, making them stricter than current regulations, which may benefit domestic manufacturers in international markets if the new standards are recognized as globally superior [1][3][5]. Group 1: New Standards and Implications - The new standards, effective from July next year, require that battery cells do not explode or catch fire within two hours after an anomaly occurs, a significant tightening from the previous requirement of a five-minute warning after thermal runaway [1][3]. - Major companies like CATL and BYD have already adapted their products to meet the new standards, while smaller firms may face challenges that could lead to their exit from the market [1][3][6]. - The revision marks the first change in five years and reflects China's ambition to dominate the global EV battery sector [3][6]. Group 2: Testing and Compliance - The new testing methods include both traditional external heating and new internal heating tests to provoke thermal runaway, making compliance more challenging for manufacturers [3][4]. - Companies must demonstrate that their products meet these new standards through rigorous testing, which may increase operational costs significantly [4][6]. Group 3: Market Dynamics and Competition - The global market share of Chinese battery manufacturers, including CATL, is currently at 38.7%, closely competing with South Korean firms at 39.7% [4]. - Frequent EV fire incidents, particularly involving batteries from Chinese manufacturers, could undermine consumer trust in "Made in China" products, potentially affecting market share [4][6]. - The new standards aim to address safety concerns and promote the adoption of EVs among consumers who are skeptical about their safety [4][5]. Group 4: Future Outlook - The development of solid-state batteries is seen as a competitive frontier among Chinese, Japanese, and South Korean firms, with expectations for these batteries to be integrated into EVs by around 2030 [6]. - The implementation of stricter standards may lead to a reduction in production capacity among smaller battery manufacturers, with estimates suggesting a 30% decrease by 2027 due to high compliance costs [6].

Core Viewpoint - The real estate market in first-tier cities in China is experiencing a significant downturn, with both new and second-hand housing prices declining sharply, leading to concerns about the future trajectory of the market [4]. Group 1: Market Performance - In May 2025, the real estate market showed the worst performance in recent years, with new housing data declining across all first-tier cities except Shanghai [4]. - Second-hand housing prices in first-tier cities have also dropped significantly, with Beijing and Guangzhou down by 0.8%, and Shanghai and Shenzhen down by 0.7% and 0.5% respectively [4]. Group 2: Future Outlook - The article raises questions about who is abandoning the second-hand housing market and what the future holds for the real estate sector in these cities [3][5]. - There is a suggestion that holding cash may be a prudent strategy in the current economic climate, indicating a shift in investment sentiment [3].

Core Viewpoint - The article discusses the opening of the Okinawa Jurassic Park, highlighting the mixed feelings of anticipation and anxiety surrounding the event [1]. Group 1 - The Okinawa Jurassic Park is set to attract significant tourist interest, with expectations of boosting local economy and tourism industry [1]. - Concerns are raised regarding the environmental impact and sustainability of the park, as well as the potential for overcrowding [1]. - The park aims to provide educational experiences about dinosaurs and prehistoric life, which could enhance its appeal to families and school groups [1]. Group 2 - Local businesses are preparing for an influx of visitors, indicating a positive outlook for the hospitality and service sectors [1]. - The government is investing in infrastructure improvements to support increased tourism, which may lead to long-term benefits for the region [1]. - There are discussions about the balance between economic growth and environmental preservation, reflecting broader industry trends in sustainable tourism [1].

Core Viewpoint - The article discusses the ongoing trade tensions between the United States and Japan, particularly focusing on the issue of rice imports and tariffs, highlighting conflicting statements from President Trump and Japanese officials regarding Japan's acceptance of U.S. rice and the accuracy of tariff claims [1][3]. Group 1: U.S.-Japan Trade Relations - President Trump criticized Japan for not accepting U.S. rice, claiming Japan is facing a significant rice shortage while refusing imports [1]. - Trump's comments are seen as an attempt to pressure Japan during stalled tariff negotiations, emphasizing that Japan has historically been protected in its rice market [1][2]. - The Japanese Minister of Agriculture, Koizumi, countered Trump's claims, stating that imports of foreign rice, including from the U.S., have increased 120 times compared to the previous year [3]. Group 2: Tariff Negotiations - Trump previously stated that if no agreement is reached by July 9, he would inform countries of new tariff rates, specifically mentioning a potential 25% tariff on Japanese cars [1][2]. - The article notes that the Trump administration has achieved limited results in trade negotiations, with only two significant agreements: one with the UK and another easing tensions with China [2]. - Koizumi defended Japan's stance in negotiations, asserting that the country is committed to protecting its national interests despite external pressures [3].

此外，东京周边的城市也出现上涨。埼玉市大宫站前的线路价涨幅为11.9%，在日本全国都道府县政府 所在地的最高路线价地点中属于最大涨幅。这里是新干线的停车站，前往东京都心的交通便利性大受欢 迎。站前进行了再开发，2024年由超高层住宅和超市构成的综合大楼开业。 千叶市的千叶站前的线路价上涨11.2%，从县政府所在地的涨幅来看，仅次于埼玉市位居第2。2017年 关闭的三越千叶店的旧址正在建设超高层住宅。 今后，东京和地方的房地产价格差或将进一步拉大。原因之一是物价上涨和劳动力短缺导致建筑成本上 升。三井住友信托基础研究所的投资调查部长大谷咲太指出，"容易确保收支平衡的城市工程将被优先 考虑，地方再开发将难以推进"。 日本2025年的路线价显示，东京都标准住宅用地的均价上涨8.1%，是全国平均的3倍。2024年 度东京23区的新房均价上涨了11%。三菱UFJ信托银行的调查显示，很多回答称千代田区、港区和涩谷 区的新房买家中，外国人占到2～4成…… 东京的地价在日本呈现出一枝独秀的态势。日本国税厅7月1日公布的2025年路线价（即道路沿线土地价 格、截至1月1日）显示，东京都标准住宅用地的平均涨幅为全国最高的8.1% ...

1～6月美元贬值10.7%，以半年为单位来看，与广场协议后的贬值幅度持平。在美国股市创出 新高、美国国债被回购的情况下，美元却在贬值。贬值的契机是特朗普的关税政策和美国财政隐忧，而 让贬值加剧的原因是…… 在外汇市场，美元的贬值仍未踩下刹车。1～6月美元的跌幅达到10%，以半年为单位来看，与广场协议 后的贬值幅度持平。美元贬值的契机是美国总统特朗普的高关税政策和美国财政隐忧，而美国以外投资 者的"汇率套期保值（汇率对冲）"则在加剧贬值趋势。 显示美元对主要货币的综合强弱的美元指数6月30日为96点左右。1～6月的降幅为10.7%。半年下跌超 过10%可以追溯到各国携手纠正美元升值的广场协议之后的局面和1991年美国经济低迷时期。如果仅限 于上半年，则是1971年尼克松冲击后美元处于贬值局面的1973年以来的首次。 在美国股市创出新高、美国国债被回购的情况下，美元却在贬值。其背景是通过金融衍生产品等降低汇 率风险的汇率对冲增加。 "认为特朗普关税将导致汇率波动率上升，因此从3月前后开始提高了对冲比率"，朝日生命保险的固定 收益投资部长河上和弘如此表示。 如果以美元资产进行投资，美元贬值时就会产生汇兑损失。通常会 ...

日经GO 冲绳侏罗纪公园启幕前夜（上）胜算在亚洲 原创 阅读全文 ...

Group 1 - TSMC's second factory in Kumamoto is expected to begin construction in the second half of 2025, with local municipalities actively promoting industrial park development [1][3] - The total area of industrial parks planned around TSMC's factories is approximately 2 million square meters, which is nine times the size of TSMC's first factory [1][5] - The local government anticipates significant tax revenue increases, potentially allowing Kumamoto to become a "non-delivery group" that does not require national subsidies [3] Group 2 - The new industrial park in Kikuyō Town will cover about 240,000 square meters and is set to start selling plots in 2031, with around 30 supply chain companies expected to gather in the area [3][4] - The construction of industrial parks is seen as a crucial step for regional economic development, with local leaders emphasizing the need for proactive administration to boost tax revenues [4] - Challenges such as balancing agricultural needs and addressing traffic congestion and groundwater protection issues have been highlighted amid the rapid industrial park development [5]

标普500、纳斯达克综合指数近期均创新高。但苹果、特斯拉的股价表现低迷。特朗普追 求"生产回归美国"，不认可苹果让印度替代中国生产iPhone。特朗普不喜欢在全球战略中依靠中国的商 业模式，而特斯拉最大EV工厂在中国…… 上海工厂的优势在于在当地构筑的采购网。可以采购中国具有优势的稀土和电池，当地采购比例超过9 成。特斯拉还将中国生产的电池用于在美国销售的EV。特朗普不喜欢在全球战略中依靠中国的商业模 式。 特朗普似乎原本就对EV不感兴趣。6 月中旬签署了一项决议，要求撤销在普及EV方面处于全美领先地 位的加利福尼亚州的环保政策。 从6月初以来的涨跌率来看，标普500上涨5%，纳斯达克上涨6%。在被称为"七巨头"（Magnificent 7） 的7家大型科技股中，有2家明显表现低迷。苹果上涨2%，特斯拉下跌7%。与英伟达（上涨15%）、 Meta（上涨10%）相比，差距非常明显。 苹果和特斯拉在预示科技企业增长的AI商业化方面陷于被动，但2家公司还有其他共同点。那就是其商 业模式不符合美国总统特朗普追求的"生产回归美国"，它们与特朗普的距离正在逐渐拉大。 从苹果来看，曾是优势的亚洲生产被特朗普否定。虽然苹果选 ...

资料图（reuters） 特朗普7月1日就与日本的关税谈判表示："能否达成协议令人怀疑"。他似乎听取了日美谈判情 况的报告，在对日贸易逆差和日本的大米政策等方面表现出不满。白宫当局者也透露，特朗普政府计划 搁置与日本的谈判…… 美国总统特朗普7月1日就与日本的关税谈判表示："能否达成协议令人怀疑"。与此同时，他设想日本并 表示，将在近期发出通知谈判结果的信件，"（其中将要求）日本支付30%或35%这一由我们决定的数 字(关税税率)"。 "（日本）太强硬" 特朗普在总统专机上接受了记者的采访。他表示"（日本）太强硬"，对日本不接受美国大米以及汽车方 面的对日贸易逆差表现出不满。 特朗普政府4月启动"对等关税"后，将按国家确定的加征税率暂停了90天。从日本来看，加征部分的 14%已经停止，只有基本部分的10%现在仍被适用。 不过，暂停措施将于7月9日到期。特朗普表示"不考虑"为继续谈判而延长期限。 此前已经有看法认为，如果在暂停期限内没有达成协议，日本将被征收14%的加征税率和10%的基本税 率，合计将达到24%。但是，特朗普目前提出了更高的税率，向日本施压。 "搁置"与日本的谈判 美国白宫当局者7月1日在接受《 ...