If Nvidia were forced to forfeit China, that would deprive it of a growing market, unlike Apple’s stagnating one. Worse, it would be a boon for Chinese rivals such as Huawei https://t.co/hhi3hFdSBW ...

National Security Concerns - Republican House lawmakers expressed concerns to Alphabet, Meta, Amazon, and Microsoft regarding national security risks associated with submarine communication cables [1] - The primary concern revolves around the potential involvement of Chinese Communist Party (CCP) controlled entities in the building, maintenance, or servicing of these cables due to their history of potential nefarious activities, including surveillance and hacking [2][3] - FCC is implementing rules to prohibit CCP-controlled entities from building, maintaining, or servicing these lines [4] Geopolitical and Economic Implications - Huawei and SPSS, companies involved in building and maintaining undersea cables, are identified as potential risks due to their ties to CCP intelligence services [3] - The US has seemingly ceded ground to CCP-controlled entities in the telecommunications landscape, particularly in Africa, due to the lack of a competitive offering similar to the Belt and Road Initiative [6] - The US's failure to provide competitive alternatives has allowed CCP-controlled entities to dominate commercial spaces in Africa, the Middle East, and developing regions [6] Policy Recommendations - There is a call for policies that would make it economically feasible for American companies to compete in the building and maintenance of submarine cables [5] - The US needs to develop policies to counter the dominance of CCP-controlled entities in telecommunications, especially in regions like Africa [5][6]

Counterpoint第二季度检测数据显示，中国智能手机出货量同比下降2.4%。华为连续第二个季度保持领先地位，出货量份额从去年同期的15%上升至18.1%，位列中国市场第一，主要得益于中端机型Nova 14系列的强劲表现，以及高端机型折扣。苹果在“618”促销期间表现强劲 ，得益于iPhone 16 系列 （尤其是更受中国消费者欢迎的Pro机型）有史以来最大的降价促销。不过降价刺激iOS用户提前更换设备，可能会对iPhone 17基本款在下半年的销量构成压力。vivo市场份额排名第二，得益于中低端机型的强劲表现。小米通过降低红米K80和小米15等热门机型的价格保持增长势头。外汇交易员 (@myfxtrader):根据IDC最新发布的《全球季度手机跟踪报告》数据，华为时隔四年多重返中国智能手机出货量榜首，二季度市场份额达到18.1%，vivo和OPPO等品牌的市场份额下滑。从出货量看，华为二季度同比降3.4%；降幅最大的是vivo，降10.1%；OPPO降5.0%，苹果降1.3%，小米增3.4%。 https://t.co/ycKvw4WZhn ...

Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the economic outlook for China, focusing on GDP growth and various economic challenges facing the country in 2025. Core Insights and Arguments 1. **GDP Growth Forecast**: The real GDP growth forecast for China has been revised upward by 30 basis points to 4.8% for 2025, following a better-than-expected performance in Q2 2025. However, growth is expected to slow in the second half of the year due to various factors [3][4][12]. 2. **Deflation Concerns**: Deflation is anticipated to persist, impacting nominal GDP and wage growth negatively. The nominal GDP growth is projected to remain subdued, which could further exacerbate the deflation feedback loop [17][18]. 3. **Weaker Exports**: A significant drag on growth is expected from weaker exports in the second half of 2025, attributed to the payback from front-loading and a decline in global trade. Tariffs are also expected to play a role in this decline [7][12]. 4. **Fading Fiscal Stimulus**: There is a noted reduction in fiscal stimulus in the second half of 2025 compared to the first half, with major tax revenues and land sales underperforming against the budget year-to-date [12][13]. 5. **Household Sentiment**: There is a decline in household sentiment regarding income growth and the housing market, with rising concerns about income and job security [22][26]. 6. **Tariff Impact**: The impact of tariffs is described as mildly deflationary for now, with export volumes declining amid higher tariffs, although export prices have remained relatively stable due to a weaker RMB and supply chain competitiveness [28][29]. Additional Important Insights 1. **Structural Reforms Needed**: The need for deep structural reforms is emphasized, particularly in addressing overcapacity and the reliance on indirect taxes that incentivize capacity expansion [49][50]. 2. **"5R" Reflation Strategy**: The strategy for reflation is outlined, indicating slow and uneven progress with expectations for a consumption-focused fiscal package and monetary easing measures [53]. 3. **Rare Earths Negotiations**: Recent developments in US-China negotiations regarding rare earths and AI chips are highlighted, indicating a complex geopolitical landscape that could impact economic relations [34][35]. 4. **Reform Signals**: There are encouraging signals for reforms, particularly in fiscal systems and local performance evaluations, although the path to implementation remains challenging [36][47]. This summary encapsulates the key points discussed in the conference call, providing a comprehensive overview of the economic outlook for China and the challenges it faces moving forward.

Core Insights - Jensen Huang, CEO of NVIDIA, received a warm reception in Beijing during his third visit this year, highlighting his celebrity status in China [1] - Huang praised Chinese AI models from companies like DeepSeek, Alibaba, and Tencent as "world class" and acknowledged the sophistication of the Chinese supply chain [2] - NVIDIA resumed sales of its advanced H20 AI chips to China after a temporary U.S. ban was lifted, with the H20 chip designed to comply with U.S. export regulations [3] Group 1 - Huang's visit included attendance at the China International Supply Chain Expo, where he recognized the capabilities of NVIDIA's competitor, Huawei [2][3] - Huang held meetings with high-ranking Chinese officials, including Vice Premier He Lifeng and Commerce Minister Wang Wentao, reinforcing NVIDIA's commitment to the Chinese market amid U.S.-China trade tensions [4] - Prior to his trip, Huang communicated with U.S. officials, including President Trump, who wished him a good trip [4]

If Nvidia were forced to forfeit China, that would deprive it of a growing market, unlike Apple’s stagnating one. Worse, it would be a boon for Chinese rivals such as Huawei https://t.co/YgV2deBF6x ...

Core Viewpoint - The article discusses the advancements in AI technology, particularly in autonomous driving and embodied intelligence, highlighting the saturation of the autonomous driving industry and the challenges faced by job seekers in this field [2]. Group 1: Industry Developments - The autonomous driving sector has seen significant breakthroughs, with L2 to L4 functionalities being mass-produced, alongside advancements in humanoid robots and quadrupedal robots [2]. - The industry has a clear demand for technology and talent, as evidenced by the experiences shared by job seekers [2]. Group 2: Job Seeking Platform - A new platform called AutoRobo Knowledge Community has been launched to assist job seekers in the fields of autonomous driving, embodied intelligence, and robotics, currently hosting nearly 1,000 members [2][3]. - The community includes members from various companies such as Horizon Robotics, Li Auto, Huawei, and Xiaomi, as well as students preparing for upcoming recruitment seasons [2]. Group 3: Resources and Support - The platform provides a wealth of resources including interview questions, industry reports, salary negotiation tips, and resume optimization services [3][4]. - Specific interview questions related to autonomous driving and embodied intelligence have been compiled, covering various technical aspects and practical skills [9][10][11]. Group 4: Industry Reports - The community offers access to numerous industry reports that help members understand the current state, development trends, and market opportunities within the autonomous driving and robotics sectors [15][19]. - Reports include insights on trajectory prediction, occupancy perception, and the overall landscape of the embodied intelligence industry [14][19].

Spain only uses Huawei storage for a "minor part" of its wiretapping system, the government said https://t.co/aeIpNG3KCS ...

商务部就美批准对华销售英伟达H20芯片有关情况答记者问记者：近日，美方有关官员表示，美批准向中国销售英伟达H20芯片是中美经贸谈判的一部分，目前华为等中国企业已经生产了等效芯片，美方不希望中方实现国产替代。请问商务部对此有何评论？商务部：中美伦敦经贸会谈后，双方保持密切沟通，确认了伦敦框架细节并推进相关落实工作。中方依法审批符合条件的管制物项出口申请，美方于7月上旬相应取消了会谈涉及的对华限制措施。我们注意到，美方近日又主动表示将批准对华销售英伟达H20芯片。中方认为，美方应摒弃零和思维，继续取消一系列不合理的对华经贸限制措施。外汇交易员 (@myfxtrader):美国财长贝森特称，中国华为等厂商已经研发出与英伟达H20同等性能的芯片。如果有同等芯片的存在，那就可以出售。贝森特表示美国不愿意看到“数字丝绸之路”在全球兴起，因为中国等国家正在替代美国芯片制造。 https://t.co/ty2PjNsOAj ...

The US should pull back on sharing intelligence with Spain, given that the country allegedly relies on Chinese network vendor Huawei to support its wiretap system, according to Senator Tom Cotton https://t.co/Ww796bxlV1 ...