Nvidia(US:NVDA) Sou Hu Cai Jing·2025-07-26 20:47Group 1 - The third round of tariff negotiations between China and the US will take place in Stockholm from July 27 to 30, facing multiple challenges including significant differences in core demands and the inclusion of non-tariff sensitive issues by the US [1] - China has a wealth of experience in responding to strategies from the Trump era and recognizes the importance of independent research and development [1][2] - Huang Renxun stated that China possesses 50% of the world's AI researchers, indicating an unstoppable technological advancement [1] Group 2 - Gao Zhikai emphasized that China's path to independent innovation is a necessary choice as a major power, rather than a passive response to US sanctions [2] - He highlighted the need for China to take market initiative and not view "lifting sanctions" as the core negotiation demand [2] - The construction of an innovation system should include financial restructuring, AI strategy upgrades, and enhanced security measures to create a sustainable independent innovation ecosystem [2] Group 3 - The term "trade war" is deemed inaccurate; it is characterized as a unilateral tariff war initiated by the US against over a hundred countries since April 2, 2025 [3][4] - The US has intensified its trade measures against China during Biden's administration, with increasingly complex restrictions on high-tech products [4] - The extreme measures taken by the US are seen as a push for China to pursue an independent and self-reliant technological development path [6] Group 4 - The US's sanctions and embargoes are viewed as attempts to demonize China, portraying it as a violator of international norms [8] - The recent easing of restrictions on certain products, such as chips, is interpreted as a response to China's advancements in technology, particularly by companies like Huawei [9] - The suggestion is made for China to assert its market power by establishing a principle that if the US refuses to sell, it is their fault, thus prompting China to develop alternatives [11][12] Group 5 - The tariffs imposed by the US have led to a significant increase, with tariffs on Chinese exports reaching 145% and Chinese tariffs on US exports at 125% [12] - The ongoing negotiations have not resulted in a restoration of purchases of US oil and gas products by China, nor a quick resumption of agricultural product purchases [13] - The need for a balanced and constructive relationship between China and the US is emphasized, with a call for mutual respect in trade practices [14]