Group 1 - The core viewpoint of the article revolves around the recent controversy regarding the "M·password" sanitary napkins, which were reported to contain high levels of carcinogenic substances, specifically thiourea [3][4] - "M·password" issued a statement asserting that all products comply with national laws and standards, and they have undergone testing by authoritative institutions [4][5] - The company proactively requested additional inspections from local market supervision authorities, confirming that their products passed the tests and are safe for consumer use [4][5] Group 2 - The article highlights the significant increase in the AI eyewear market, with transaction volumes surging tenfold year-on-year in the first half of the year [9] - It notes that the average price of smart glasses has decreased from over 2000 yuan to around 1500 yuan, making them more accessible to consumers [9] - The article also discusses the ongoing issues in the quality competition landscape, where companies are compromising on product quality for short-term gains, leading to a decline in overall market standards [9]

近日，国际数据公司（IDC）发布的最新调研数据显示，在年营业收入10亿元以上的中国制造企业中， 77.9%的企业已经有海外业务或者正在积极规划"出海"，54%的企业正在探索将人工智能（AI）融入"研 产供销服"业务中，这场由工业AI与"出海"战略共同驱动的变革，正在重塑全球制造业版图。 IDC将当前"出海"的中国制造企业分成3个阶段类型，分别是"出海"1.0产品、"出海"2.0供应链、"出 海"3.0品牌和服务。在每一个阶段，数字化都将赋能和加速企业成长。 在"出海"1.0的产品阶段，企业将"出海"当作业务增长的新引擎，但如果没有合规的护航，其增长没有 保障。基于云平台的各类应用可以帮助企业从数据保护和隐私、行业合规等角度提供完整解决方案，在 此基础上再关注渠道投放、线索管理、客户转换、物流、协作、售后等增长内容。 在"出海"3.0全球创新的品牌和服务阶段，通过全球一体化产品创新平台的应用，通过正反向数字主线 以及产品、流程两类数字主线的贯通，可以帮助企业结合当地市场特点同时实现多地协同和本地化设 计，实现全球协同的敏捷式产品开发模式。 IDC表示，随着DeepSeek、阿里千问等国产大模型的能力突破和技术开 ...

Core Viewpoint - Tesla is facing significant challenges with declining sales and revenue, leading to a bleak outlook for the company, as highlighted by CEO Elon Musk's repeated use of the term "difficult" during the earnings call [1][3][10]. Financial Performance - Tesla reported Q2 revenue of $22.5 billion, a 12% year-over-year decline, marking the largest drop in a decade [3]. - The automotive segment saw a 16% decrease in revenue, while the energy business declined by 7% [3]. - Gross profit for the quarter was $3.88 billion, down 15.3% year-over-year, and free cash flow was only $146 million, significantly below the expected $760 million [3]. Sales and Deliveries - Q2 vehicle deliveries fell by 13.5%, from 443,000 units in the same period last year to 384,000 units [4]. - Total vehicle deliveries for the first half of the year were 720,000, a 13.24% decrease compared to the previous year [4]. - In the U.S., Tesla's sales dropped by 13% in the first half of the year, with California experiencing a 21% decline in Q2 [6][7]. Market Challenges - Tesla is facing intense competition in the Chinese market, with Q2 sales of 129,000 units, a 12% year-over-year decline [7]. - The company is undergoing significant management changes in response to declining sales, with several key executives leaving [7]. Strategic Issues - Musk's controversial political actions have negatively impacted Tesla's brand image, particularly among liberal consumers in the U.S. and Europe [10]. - The cancellation of electric vehicle incentives and carbon credit trading could further harm Tesla's sales and revenue [14]. Future Outlook - Musk is focusing on autonomous vehicles and robotics as potential new revenue sources, despite current challenges in these areas [16][20]. - Tesla plans to expand its autonomous taxi service, although it faces regulatory hurdles and safety concerns [23]. - The company is expected to introduce a lower-priced version of the Model Y, which may help boost sales [15].

来源：环球时报 更严格的规则可能会淘汰一些小型企业，但是对消费者来说，意味着驾驶更安全、更可靠。（刘长煌 译） 针对相关问题，有关机构正在介入对智能驾驶的监管，并根据相关企业意见制定新规则。规则出台后， 可能会重新定义全球汽车产业。 政策调整背后蕴含着战略考量。中国将智能驾驶视为与西方（特别是美国）竞争的新前沿。在美国，监 管滞后使得特斯拉等公司不得不应对各州法律带来的复杂局面。北京方面希望通过实施明确、严格的标 准，避免硅谷"快速行动，打破常规"理念所带来的陷阱，同时保持技术优势。埃森哲公共有限公司的马 库斯·穆西格说："中国的做法反映了'摸着石头过河'理念。他们正谨慎而果断地前进。" 业内专家说，任何技术范式转型都难免发生事故，关键是避免信任崩塌。问题不在于事故是否发生，而 在于是否会造成不可逆的公众信任危机。 作为全球最大的汽车出口国，中国仅今年6月就出口20.5万辆新能源汽车，其监管选择实际上树立了全 球标准。更严格的规则可能暂时减缓海外市场的采用速度，但整体利大于弊。业内专家表示，清晰的指 导方针会让外国监管机构放心，最终将加速而非阻碍中国的出口势头。 与此同时，美国则面临进一步落后的风险。由于缺乏 ...

Group 1 - Major players in the "delivery battle" are investing heavily in AI and embodied intelligence, with companies like JD leading funding rounds for startups such as Qianxun Intelligent, Zhujidongli, and Zhongqing Robot [1] - Alibaba's Tongyi Qianwen recently updated its flagship Qwen3 model, while Meituan launched its first AI programming agent, indicating significant investments in AI across various business lines [1][2] - The integration of delivery services and AI technology reflects a strategic shift among Chinese internet giants towards reconstructing their business ecosystems based on an AI technology revolution [1][2] Group 2 - The transformation represented by delivery services addresses the challenge of reaching more life scenarios, which is crucial for generating user behavior data, increasingly viewed as the "new oil" [2] - The evolution of AI and embodied intelligence is designed to leverage this data, creating new technological barriers that feed back into offline operations, thus forming a closed loop from R&D to industry application [2][3] - The current AI boom is characterized not only by "intelligent emergence" but also by "commercial emergence," where high-frequency service businesses like delivery serve as data sources for AI and robotics development [3] Group 3 - Companies must possess the dual capability to manage both short-cycle operations and long-cycle R&D, a unique advantage of internet giants with large user bases and strong capital [3] - The actions of leading tech companies in both China and Silicon Valley indicate a synchronized trend towards leveraging AI technologies in vast markets and diverse application scenarios [4]

1 、 国家主席习近平会见欧洲理事会主席科斯塔、欧盟委员会主席冯德莱恩，并就中欧关系未来发展提出三点主张。 一是坚持相互尊重，巩固伙伴 关系定位。二是坚持开放合作，妥善处理分歧摩擦。三是践行多边主义，维护国际规则秩序。另外，国务院总理李强表示，希望欧方为中国企业赴 欧投资提供公平、公正、非歧视的营商环境。 1 、外交部发言人宣布， 国务院总理李强将于 7 月 26 日出席在上海举行的 2025 世界人工智能大会暨人工智能全球治理高级别会议开幕式并致辞。 2 、 商务部表示，打击战略矿产走私出口面临的形势依然复杂严峻， 下阶段将采取建立两用物项出口管制联合执法协调中心， 将违法境外实体列 入出口管制管控名单，制定发布战略矿产合规出口工作指引等举措。 2 、央行、农业农村部印发《关于加强金融服务农村改革 推进乡村全面振兴的意见》，提出要加大乡村振兴重点领域的金融资源投入， 包括加大对 粮食主产区、产粮大县信贷资源倾斜，支持拓宽农民增收渠道等。 3 、 国家发改委表示， 2025 年 7350 亿元中央预算内投资已基本下达完毕， 重点支持现代化产业体系、现代化基础设施体系、新型城镇化和乡村全 面振兴等领域项目建设。 ...

Core Insights - Chinese companies have faced challenges and gained valuable experience in their overseas expansion, particularly in overcoming "cultural differences" and building technological moats through intellectual property (IP) protection [1][2] - The proactive approach in IP management has become essential for Chinese firms to secure their market positions internationally [5][8] Group 1: Achievements in Intellectual Property - As of June this year, China has 5.01 million valid invention patents, ranking first in PCT international patent applications for six consecutive years [2] - China's global innovation index ranking has improved from 34th in 2012 to 11th in 2024, showcasing significant advancements in IP [2] Group 2: Strategic IP Management - Companies like Great Wall Motors have implemented proactive IP strategies, applying for patents 2 to 3 years before launching products overseas, which helps in market entry and negotiation [3] - Huawei has expanded its IP team from a few dozen to over 300, reflecting a shift from reactive to proactive IP management [3][8] Group 3: Overcoming Challenges - Companies have encountered difficulties in foreign patent applications due to local regulatory environments, as seen with CATL's experience in Europe [4] - The establishment of specialized compliance teams is crucial for navigating international IP landscapes [3] Group 4: Legal Framework and Support - The implementation of the State Council's regulations on handling foreign IP disputes starting May 1, 2025, aims to enhance the support for Chinese companies in international competition [9] - Experts emphasize the need for a collaborative approach involving government, judicial bodies, and industry associations to strengthen IP protection [10] Group 5: Future Directions - There is a call for improvements in mechanisms for IP value assessment, transfer, and licensing to better support innovation and market competitiveness [10][14] - The judicial system is encouraged to balance the protection of innovation with fair competition, as seen in recent amendments to patent laws that increase compensation limits [12]

每经编辑｜陈鹏程 王晓波 | ↓ 中国今日有2000亿元1年期中期借贷便利 | | --- | | (MLF) 和1875亿元7天期逆回购到期 | | 2 欧元区6月M3货币供应数据公布 | | 3 美国6月耐用品订单数据公布 | | 4 IBM新一代IBM Power服务器— IBM Power11 | | 将于年7月25日全面上市 | | 5 深交所及其子公司深圳证券信息公司发布公 | | 告,修订创业板综编制方案,并将于7月25日正式 | | 实施 | 2 隔夜市场 美股三大指数收盘涨跌不一，道指跌0.7%，纳指涨0.18%，标普500指数涨0.07%，热门科技股涨跌不一，特斯拉跌超8%，市值蒸发878亿美元（约合人民 币6281亿元）；IBM跌超7%，英伟达、亚马逊、博通涨超1%；半导体、油气板块走高，美国像素涨超7%，AMD涨超2%，阿斯麦、美光科技涨超1%；汽车 制造、太空概念股跌幅居前，路特斯跌超5%，本田汽车、维珍银河跌超2%。中概股多数下跌，纳斯达克中国金龙指数跌1.54%，名创优品涨超8%，小鹏汽 车涨超1%，百度、理想汽车跌超2%，哔哩哔哩跌超4%。 1 李强同欧洲理事会主席科斯塔、欧盟 ...

据报道，今年以来，广东深入贯彻党中央促进高质量就业部署，实施"百万英才汇南粤"行动计划，已吸 引超100万应届高校毕业生留粤来粤就业创业，为现代化产业体系建设提供坚实人才支撑，彰显经济大 省责任担当。 这则新闻里的"100万"不是简单的数字堆砌，而是一场关于未来的双向奔赴——广东用诚意和行动向青 年抛出橄榄枝，青年则以青春活力为广东现代化产业体系注入新动能。放在全国人才竞争的大背景下 看，这场行动的意义早已超越"招才"的范畴，更像是一场精心策划的"生态构建"：既回应了青年对就 业、创业、生活的现实需求，又紧扣广东产业升级的战略方向，最终实现人才与城市的同频共振。 （文章来源：证券时报） 这场行动给其他地方的启示在于：引才要"向前看"，更要"沉下去"。所谓"向前看"，是紧跟产业趋势， 尤其在新质生产力的赛道上，提前布局人才储备；所谓"沉下去"，是把政策做到青年的"心坎里"，从租 房补贴到文化认同，从解决眼前的"住"到规划长远的"发展"，每个环节都要体现"用户思维"。毕竟，人 才不是数字，是有温度的个体——当一座城市能同时满足青年的"生存需求"和"成长渴望"，自然能形 成"近者悦、远者来"的良性循环。 从"百万英 ...

在圆桌环节，华砺智行董事长邱志军表示，马车发展到机动车的时代，美国与德国走在前列。而在如今 的智能驾驶时代，中国具有显著优势。"国际上，智能网联汽车做得比较早的是日本与美国。比如，日 本过去三十年车路协同做得非常好，特别是在高速公路上；而美国启动特别早，在2005年已启动智能网 联汽车技术，但在立法环节进展缓慢。目前看来，中国在智能网联汽车领域大的方向和发展趋势是最乐 观的。" 活动中，深交所科融通相关负责人分享了产业投融资数据与深市并购重组服务专区；华为、比亚迪、深 城交等龙头企业与产业投资机构、科创企业相关负责人开展了深度对话。 （文章来源：深圳商报） 【深圳商报讯】（记者周良成）7月24日，香蜜湖金融+系列活动之"星耀鹏城"20+8产业沙龙——智能 网联汽车投融资并购对接活动在深圳举办。深圳市委金融办、深交所、深圳市工信局新能源汽车办、福 田区金融服务中心等相关负责人，智能网联汽车产业链头部上市公司、科创企业、CVC/创投机构、科 研院所等120余家机构代表齐聚深圳上市公司协会创享汇，共探智驾技术融合发展与产业投资并购机 遇。 活动聚焦我国自动驾驶国际标准落地与车路云一体化发展，六棱镜发布《全球智能网联 ...