Nvidia(US:NVDA) Sou Hu Cai Jing·2025-06-11 23:43Group 1: US-China Economic Talks - The first meeting of the US-China economic consultation mechanism took place in London, led by Chinese Vice Premier He Lifeng and US Treasury Secretary Janet Yellen, focusing on mutual economic concerns and cooperation [1][2] - He Lifeng emphasized that the essence of US-China economic relations is mutual benefit, stating that there are no winners in a trade war and that both sides should resolve differences through equal dialogue and cooperation [1] - Both sides agreed to further enhance the consultation mechanism to increase consensus, reduce misunderstandings, and strengthen cooperation, aiming to maintain stable US-China economic relations [1] Group 2: Automotive Industry Developments - A total of 16 Chinese automotive companies have committed to a payment term of no more than 60 days in response to the upcoming "Payment Regulation for Small and Medium Enterprises" effective June 1, 2025, aimed at improving the business environment [5] - The average turnover days for accounts payable in major automotive companies are significant, with BYD and Geely at 127 days, Great Wall at 163 days, and SAIC at 164 days [5] - The Chinese automotive industry has shown a positive trend, with production and sales in the first five months of the year increasing by over 10%, and new energy vehicle sales reaching 44% of total new car sales [17] Group 3: Smart Glasses Market Growth - The smart glasses market is experiencing explosive growth, with online and offline sales increasing significantly, and a projected global shipment of 12.8 million units by 2025, a 26% year-on-year increase [18] - The Chinese market for smart glasses is expected to exceed 2.75 million units, showing a remarkable growth rate of 107%, making it the largest market globally [18] - The price of smart glasses is expected to decline as technology matures, with current prices ranging from 1,000 to 3,000 yuan depending on the type of glasses [18]