Core Viewpoint - The article presents seven key pieces of advice from the renowned historian Xu Zhuoyun, emphasizing the importance of continuous learning, open-mindedness, and maintaining one's integrity throughout life's challenges [4][6][25]. Summary by Sections Advice on Learning and Knowledge - Emphasize the importance of diverse nourishment through interaction and exchange of ideas [8]. - Encourage exploring different opinions and engaging in in-depth discussions to broaden understanding [10]. - Advocate for an open mind to absorb a variety of knowledge and experiences, avoiding rigid thinking [13]. - Highlight the significance of recognizing the multitude of global issues to keep one's thoughts vibrant and active [15][18]. Personal Development and Integrity - Stress that everything in the world can be a learning opportunity, urging individuals to remain observant and curious [20]. - Point out that humans are not isolated beings; relationships and interactions are crucial for personal growth [22]. - Remind individuals to never lose their sense of self, dignity, and integrity, especially during challenging times [25].

Core Viewpoint - RWA (Real World Assets) is emerging as a significant narrative in the financial sector, with the potential to transform traditional assets into tokenized forms, leading to a market size of approximately $16 trillion by 2030, which could represent 10% of global GDP [5][6]. Summary by Sections Definition of RWA - RWA refers to tangible and intangible assets in the real world, such as real estate, gold, bonds, and intellectual property [6]. - In the context of blockchain and fintech, RWA represents a financial revolution by tokenizing traditional assets, making them more accessible for investment [7]. Mechanism of RWA - RWA allows traditional assets to be fragmented and sold on blockchain platforms, enabling broader participation in high-value assets [8]. - It provides a financing channel for asset holders and investment opportunities for funders, theoretically achieving a win-win situation [9]. Comparison with P2P Lending - RWA is seen as an evolution of the P2P lending model, replacing internet platforms with blockchain technology to enhance transparency and trust [9]. - Unlike P2P, which relies on borrower credit, RWA uses verifiable real assets as collateral, making the process more reliable and less prone to manipulation [9]. Challenges and Risks - Despite improvements, RWA still faces risks similar to those that led to the collapse of P2P lending, particularly concerning asset verification and the potential for fraudulent projects [12]. - The liquidity and pricing of non-standardized assets linked to RWA can be volatile, posing additional risks to investors [13]. Geopolitical Implications - RWA is not just a financial innovation but also a geopolitical tool, with significant influence from state-level actors and major financial institutions [15]. - The global RWA market is projected to reach approximately $255 billion by mid-2025, with private credit and U.S. Treasury securities dominating the landscape [15]. Financial Sovereignty Concerns - The rise of RWA could challenge national monetary policies and financial sovereignty, as it facilitates capital flows into U.S. dollar-denominated assets, potentially undermining local currencies [17][19]. - Countries are exploring local stablecoins to mitigate risks associated with the dominance of dollar-based stablecoins and RWA [18]. Conclusion - RWA represents a complex interplay of financial technology, geopolitical strategy, and market dynamics, posing both opportunities and risks for individual investors [19].

以下文章来源于底线思维 ，作者谢超 底线思维 . 观察者网时评专栏 本文来自微信公众号： 底线思维 （ID：dixiansiwei） ，作者：谢超（复旦大学南亚研究中心副研 究员），题图来自：视觉中国（墨脱雅鲁藏布江果果塘大拐弯） 长期以来，印度对中国在雅鲁藏布江的水资源开发计划一直保持着高度关注。然而，此次雅江水电站 计划公布后，与西方频繁炒作"中国的雅江水电站工程会对下游的印度等国造成影响"相比，印度的反 应却出人意料地平静。 相较于以往对中国在雅鲁藏布江兴建大型水坝项目的敏感态度，此次印度的 沉默，颇为耐人寻味。 鉴于自2020年以来中印关系呈现出的复杂性，可以从三个维度来剖析印度对该问题的反应： 其一，梳理既往及当前印度官方与媒体对该项目的整体态度，以此揭示印度政府和媒体对该项目态度 的演变轨迹； 其二，深入分析印度此番审慎反应背后的原因，尤其是从中国先进的生态保障和水资源管理技术如何 化解印度主要关切的角度进行解读； 其三，探究在该项目上中印之间的沟通与对话机制，将如何进一步推动中印关系在更广泛领域推进务 实合作。 印度政府和媒体对该项目的整体 态度 长期以来，印度始终高度关注中国在雅鲁藏布江上游的 ...

Core Viewpoint - The article discusses the "AI Scene Revolution" and its impact on business, emphasizing the need for reconstructing meaning in various scenarios through innovative methods and the emergence of new species in the market [5][20]. Group 1: Scene Creation Over the Past Decade - The past decade has been marked by the evolution of "scene creation," where meticulously designed scenarios drive the growth of new market entities [11][19]. - The evolution of brands like Sanwing Bird illustrates the shift from product-centric to solution-oriented approaches, focusing on personalized home scene customization [14][15]. - Red Star Macalline's transformation into an "AI home life destination" showcases the integration of home appliances, furniture, and decoration into a cohesive business model [17][19]. Group 2: Instant Emergence and Meaning Reconstruction - The concept of "instant emergence" highlights the importance of designing specific scenarios to avoid losing sight of the rapid changes in AI applications and market dynamics [20][22]. - The advancements in AI technology, such as Amazon's robotics and Google's Gemini Robotics, signify a shift towards cognitive capabilities in machines, although the full potential is yet to be realized [22][24]. - The article posits that the AI scene revolution is fundamentally a cognitive revolution, urging a return to philosophical inquiries about human existence and meaning [24][26]. Group 3: The Four Keywords of Meaning Coordinates - The four keywords for reconstructing meaning in the current era are NOW (the power of connection), HERE (the reality of presence), FLOW (the pursuit of immersive experiences), and EGO (the core question of self) [26][28]. Group 4: The NOW Connection - The NOW concept emphasizes the significance of real-time connections in the AI era, where platforms like Xiaohongshu redefine user engagement through immediacy and shared experiences [30][33]. - The organizational innovation at brands like Three Squirrels demonstrates how understanding the needs of younger consumers can lead to effective decision-making and product development [38][39]. Group 5: Flowing Human-Machine Interaction - The evolution of human-machine interaction is characterized by the emergence of "intelligent agents" that enhance user experiences through seamless communication and emotional understanding [51][52]. - Companies like Lenovo are leading the way in creating integrated AI ecosystems that facilitate smooth interactions across various devices [54][56]. Group 6: Beyond the Scene Narrative - The article discusses how physical retail spaces, such as Anta's innovative stores, serve as both entry points and destinations, enhancing customer engagement through unique narratives [78][79]. - The integration of digital and physical experiences is crucial for creating meaningful interactions in today's market [82][83]. Group 7: The EGO Consensus - The importance of maintaining uniqueness while fostering collective intelligence is emphasized, as seen in brands like Maogeping, which focus on individual beauty and personalized experiences [101][102]. - The article suggests that the AI cycle is leading to a new balance, where brands must adapt to the evolving landscape while staying true to their core values [103].

Group 1 - The article discusses the recent price increases of baby products such as milk powder and diapers, with some brands experiencing price hikes ranging from 10 to 60 yuan [9][10] - Brand representatives attribute the price fluctuations to varying promotional activities rather than a general price increase, with some stores confirming no recent price notifications [10] Group 2 - The article highlights the strategic restructuring of Dongfeng Motor Corporation, which has launched a new SUV brand, Yipai Technology, targeting the competitive 200,000 yuan mid-large SUV market [15] - The new model, the 2026 Dongfeng Yipai eπ008, features significant upgrades and advanced technology, including a Qualcomm Snapdragon SA8295P chip and a 2.5K resolution entertainment screen [15] Group 3 - The article reports on the price increases of Fujifilm cameras and lenses in the U.S., with some products seeing price hikes of several hundred dollars due to tariffs and rising production costs [21] - Specific examples include the X100VI increasing from $1599 to $1799 and the GFX100 II from $7499 to $8299 [21] Group 4 - The article mentions that approximately 3,200 Boeing workers are set to strike due to the rejection of the company's final proposal, which included salary increases and additional vacation time [22][23]

Core Viewpoint - The article discusses the current state of competition in the Chinese electric vehicle (EV) market, highlighting a shift from aggressive price wars to a focus on product quality and brand strength as companies prepare for the second half of the year [2][12]. Sales Performance - In July, major EV manufacturers like BYD and Geely reported significant sales figures, with BYD selling 344,296 units, a 9.7% decrease from June, while Geely's new energy vehicle sales exceeded 130,000 units, with the Galaxy brand alone contributing 95,043 units, a 237% year-on-year increase [7][10]. - New entrants like Xiaomi and Leap Motor showed impressive growth, with Leap Motor achieving a record delivery of 50,129 units, marking a 126% year-on-year increase, and Xiaomi's sales reaching over 30,000 units, a 200% increase [6][10]. Competitive Landscape - The article notes that while some companies like Leap Motor and Xiaomi are thriving, others like Li Auto and Aion are facing challenges, with Li Auto's sales down 40% year-on-year and Aion struggling due to market saturation [8][10]. - The competition is expected to intensify in the second half of the year, with many companies preparing to launch new models to capture market share before the end of the current purchasing cycle [9][12]. Market Trends - The article emphasizes a transition from price-based competition to a focus on product features and customer service, indicating that companies must adapt to survive in the evolving market [12]. - Upcoming months are seen as critical for manufacturers to solidify their positions, with a variety of new models set to launch, targeting family-oriented consumers and the growing demand for electric vehicles [12].

Core Viewpoint - The article discusses the phenomenon of "Gen Z Stare," a term used to describe the blank, expressionless gaze often exhibited by Generation Z in social situations, which has become a subject of criticism and discussion on social media platforms like TikTok and Instagram [12][14][15]. Group 1: Characteristics of Gen Z Stare - The "Gen Z Stare" is characterized as a long, blank, and expressionless gaze, often described as a "zombie-like trauma response" [14]. - This expression has gained popularity on social media, with over 12,000 videos tagged with genzstare on TikTok, indicating a significant cultural moment [15]. - Critics, particularly from the millennial generation, express frustration over the perceived lack of social engagement and responsiveness from Gen Z individuals in various interactions [18][19]. Group 2: Social Reactions and Criticism - Many millennials report feeling that conversations with Gen Z are challenging due to their lack of verbal and non-verbal responses, leading to feelings of confusion and frustration [18][21]. - Service industry workers have noted that Gen Z employees often display a lack of enthusiasm or basic social niceties, which is seen as rude or arrogant by older generations [28][33]. - The article highlights a growing backlash against Gen Z, with many older individuals expressing their discontent with the younger generation's social behaviors [40][70]. Group 3: Historical Context and Generational Dynamics - The article draws parallels between the current criticisms of Gen Z and past generational conflicts, suggesting that every generation faces scrutiny and misunderstanding from older cohorts [80][82]. - It discusses how the rise of the internet and social media has amplified these generational tensions, allowing for widespread public discourse on the behaviors of younger individuals [86][88]. - The concept of "rosy retrospection" is introduced, explaining how older generations often idealize the past while criticizing the present, contributing to the ongoing generational divide [96][100]. Group 4: Psychological Insights - Experts suggest that the "Gen Z Stare" may serve as a non-verbal form of protest against perceived condescension or judgment from older generations [113]. - The article posits that this gaze reflects a deeper sense of discontent and a desire for change among Gen Z, indicating their resilience and potential for growth [113][114].

Core Viewpoint - Samsung Group is facing one of its most severe challenges in its 87-year history, with a significant decline in profits, particularly in its semiconductor business, due to delayed shipments and U.S. export restrictions on chips to China [4][9]. Group 1: Financial Performance - In Q2 2025, Samsung Electronics reported a 55% year-on-year drop in operating profit, with semiconductor business profits plummeting by 94% to 400 billion KRW (approximately 290 million USD), marking the lowest in six quarters [4][8]. - The decline in semiconductor profits is attributed to the U.S. export restrictions, which have led to a significant reduction in the value of storage chip inventories [9][18]. Group 2: Market Position and Competition - Despite being a global leader in consumer electronics and semiconductor manufacturing, Samsung's presence in the Chinese market has diminished significantly, with a market share of only 0.77% in Q1 2025, falling out of the top five smartphone brands [11][13]. - Samsung's market share in the Chinese foldable phone market has also dropped from 29% in 2021 to just 3% in Q1 2025, overtaken by local brands like Huawei [14]. Group 3: Strategic Challenges - Samsung's strategic missteps, including the closure of its Chinese factories and reliance on partners for distribution, have exacerbated its challenges in the competitive Chinese market [14][15]. - The company is attempting to pivot by forming a $16.5 billion AI chip supply agreement with Tesla and focusing on advanced 2nm process technology to compete with TSMC [18][19]. Group 4: Consumer Sentiment and Quality Issues - There have been numerous consumer complaints regarding quality issues with Samsung's products, particularly the S23 series, which has faced criticism for overheating and poor battery life [15]. - The company's after-sales service has also been criticized, with reports of inadequate support for defective products, further damaging consumer trust [15].

Group 1 - The article emphasizes the importance of "slow thinking" in a fast-paced world, suggesting that taking time to reflect can lead to better decision-making and clarity in action [4][6][21] - It highlights the trend of "thinking consumption," where individuals seek environments that promote deep thinking and reflection, as evidenced by the increasing popularity of retreats and reading clubs [6][26] - The concept of "structured thinking frameworks" is presented as a critical factor in decision quality, surpassing mere information volume [18] Group 2 - The automotive industry is noted for its shift towards creating environments that facilitate deep thinking, with brands like BMW focusing on reducing noise and distractions in their vehicles [23][25] - The article discusses how organizations are increasingly recognizing the need for quiet spaces to enhance employee focus and satisfaction, leading to the establishment of dedicated quiet rooms [26] - It suggests that the value of time is being redefined, with a focus on creating mental spaces that allow for reflection rather than just transportation [25][28]

Core Viewpoint - The article discusses the growth and strategies of the company "Canban," which has achieved significant sales in the oral care market, particularly in toothpaste, by focusing on consumer insights, efficient channel management, and product innovation [5][6][11]. Group 1: Company Growth and Market Position - Canban's overall sales exceeded 2 billion in the past year, marking a significant entry into the competitive oral care market dominated by international giants [5]. - From 2022 to 2024, Canban is expected to achieve over 50% compound growth in sales, with toothpaste being the primary revenue contributor [6]. - As of early 2024, Canban became the top player in the online toothpaste market in China, while ranking seventh in the offline market, surpassing competitors like Comfort and approaching Colgate [6]. Group 2: Product Development and Consumer Insights - The company emphasizes the importance of being deeply rooted in the market to understand consumer needs, leading to innovative product development [9][10]. - Canban's product lines are designed to cater to various consumer preferences, focusing on cleaning power, taste experience, and specific needs like gum care [9][10]. - The company has invested significantly in R&D, with a focus on creating high-quality products that stand out in a crowded market [11][12]. Group 3: Channel Strategy and Profit Distribution - Canban's strategy includes a lean organizational structure with around 420 employees, allowing for higher operational efficiency compared to competitors with larger teams [20]. - The company prioritizes fair profit distribution to channel partners, which is crucial for maintaining strong relationships and ensuring mutual profitability [21]. - Canban's decision-making process is informed by direct engagement with the market, allowing for quick adaptations to consumer and channel needs [17][19]. Group 4: Challenges and Learning Experiences - The company faced numerous challenges in its early years, including ineffective market entry strategies and misjudgments in product offerings [14][15]. - Canban learned from its mistakes, refining its approach to product diversity and channel management over time [14][15]. - The CEO's hands-on approach in the field has been instrumental in shaping the company's strategies and understanding market dynamics [17][18].