Core Viewpoint - The Chinese government emphasizes the importance of leveraging the advantages of a new type of national system to promote the healthy and orderly development of artificial intelligence (AI) towards beneficial, safe, and equitable directions, as outlined in the recent "Artificial Intelligence+" action plan [1][3]. Group 1: Transition from "Internet+" to "Artificial Intelligence+" - The transition from "Internet+" to "Artificial Intelligence+" represents a deepening of the information technology revolution, with both being general-purpose technologies that exhibit rapid iteration and strong transformative capabilities for traditional industries [2]. - "Artificial Intelligence+" builds upon "Internet+" by adding cognitive capabilities, enabling a shift from mere information connection to knowledge application and creation, thus driving comprehensive and profound changes in economic and social development [2]. Group 2: Implementation of "Artificial Intelligence+" Action - The implementation of the "Artificial Intelligence+" action is crucial for accelerating the development of new productive forces and is a necessary step towards transitioning the digital economy into an intelligent economy and society [3]. - The action plan sets overall goals for 2035, with specific targets for 2027 and 2030 regarding the penetration rates of new intelligent terminals and the development level of the intelligent economy [3]. Group 3: Systematic Layout and Sector-Specific Strategies - "Artificial Intelligence+" is a systemic project that requires a comprehensive approach, addressing economic, social, and governance aspects while avoiding issues like the "intelligent divide" and algorithmic discrimination [4]. - The action plan emphasizes tailored strategies for different industries, advocating for specific measures in high-risk sectors like smart connected vehicles and finance, while promoting technological advancements in sectors with higher technical challenges such as healthcare [5]. Group 4: Global Cooperation and Safety Measures - The action plan highlights the need for global cooperation in AI development, aiming to create an inclusive and trustworthy ecosystem for AI capabilities, while establishing a global governance framework for AI [5]. - It addresses the safety risks associated with AI, proposing enhancements in security capabilities, including monitoring, risk warning, and emergency response systems [5].

Core Viewpoint - The article discusses the impact of DeepSeek and Trump's tariffs on global asset volatility, investor sentiment, and the macroeconomic narrative between China and the U.S. It highlights the interconnection between AI trends and tariff policies, emphasizing their influence on the financial and current accounts of both economies [1][2]. Group 1: U.S. Economic and Asset Trends - The U.S. has maintained a long-term current account deficit while achieving financial account surpluses, primarily due to low savings rates and the dollar's privileged status [2][3]. - Since the pandemic, fiscal expansion has led to an increase in the current account deficit, while the AI trend has attracted capital inflows, supporting the dollar and the economy [2][4]. - The financial account's inflow is crucial for the U.S. economy, with AI being a key driver of this trend, especially since 2023 [2][20]. Group 2: China’s Economic Dynamics - China has experienced a long-term current account surplus since joining the WTO, but its financial account has seen capital outflows, indicating a reliance on external demand [13][18]. - The current economic model in China, which relies on current account surpluses for growth, faces challenges due to external pressures such as tariffs and weakening external demand [23][24]. - The need for domestic demand stimulation and structural reforms is emphasized to counterbalance the external challenges and attract capital inflows [23][24]. Group 3: Interconnection of U.S. and China Accounts - The article outlines how the financial account (AI) and current account (tariffs) are interconnected, with the financial account's performance being critical for future economic trends in both countries [20][22]. - For the U.S., the sustainability of capital inflows is contingent on the strength of the AI sector, while for China, the focus should be on stimulating domestic demand to improve the financial account [20][22]. - The potential for a shift in the global investment landscape is highlighted, with the AI narrative playing a pivotal role in determining the flow of capital between the two economies [20][22].