Group 1 - South Korea has unexpectedly shifted its stance in handling China-US relations, imposing anti-dumping duties on China while showing intentions to engage in Taiwan Strait issues [1][3] - The cancellation of the scheduled US-Korea "2+2" economic talks did not deter the South Korean economic delegation from pursuing tariff negotiations, indicating a strong commitment to international trade cooperation [1][3] - South Korea's Ministry of Trade decided to impose temporary anti-dumping duties on hot-rolled steel plates and single-mode optical fibers from China, aiming to protect domestic industries during formal investigations [3][4] Group 2 - The economic relationship between China and South Korea is closely intertwined, and the imposition of anti-dumping duties by South Korea could disrupt normal trade and cooperation between the two countries [4][6] - Analysts suggest that while South Korea may increase military spending, the likelihood of direct involvement in Taiwan Strait affairs remains low, although vigilance is necessary due to potential trade-offs with the US [6] - China has expressed strong opposition to any actions that sacrifice its interests for US concessions, indicating readiness to take decisive measures to protect its rights in the international trade environment [6]

近日，大韩造船（Daehan Shipbuilding）的首次公开募股（IPO）发行价最终确定为每股5万韩元。 据了解，大韩造船为中型造船企业，专攻中型船舶建造，正计划在韩国综合股价指数（KOSPI）上市。 在锁仓协议方面，竞争比率高达275.7：1。参与投资的机构中，57%同意至少15天的锁仓期，其中234家机构选择 了3个月的锁仓期，这一期限成为热门选项。 根据大韩造船披露的信息，已于7月11日至17日完成为期五天的机构投资者路演，发行价确定在原定区间的上 限。 此前，大韩造船通过主承销商（lead underwriters）KB证券（KB Securities）和 NH投资证券（NH Investment & Securities），将IPO发行价区间定为每股4.2万至5万韩元。 据悉，此次路演吸引了韩国国内外共2106家机构投资者参与认购，总认购股数达15.1613亿股。在2106家机构 中，有2104家的报价达到或超过5万韩元，这促使发行价最终定为5万韩元。 此次IPO发行价定为5万韩元，预计总募资额约5000亿韩元，上市后市值预计达1.9263万亿韩元。 大韩造船计划将IPO募集的资金用于投资可持 ...

亚太瞭望台 韩国总统李在明近期的一系列举动，如同走钢丝般在中美之间摇摆不定，最终却似乎伤及自身。他拒绝出席中国"9·3"阅兵、对中国钢材加征高额关税，表 面看似贸易摩擦，实则反映了韩国在美中博弈中被迫采取的无奈策略，一种夹缝求生的"政治算盘"。 这一切的根源在于美国总统特朗普7月7日发出的"关税大棒"：8月1日起，对韩国汽车、钢铁、半导体等核心出口产品加征25%关税。这一举动直接威胁到韩 国每年对美出口180亿美元的汽车产业和120亿美元的钢铁产业，让韩国经济命脉岌岌可危。 美国开出的交换条件，远不止于取消关税。据韩媒透露，美方甚至要求李在明政府加入"反华技术联盟"，以此作为关税豁免的筹码，并要求韩国在造船业领 域联手打压中国份额。 韩国政府内部会议也划定了两条不可触碰的底线：大米和牛肉。自2008年以来，韩国一直以防疯牛病为由禁止进口美国30月龄以上 牛肉，并对美国大米征收高达513%的关税，仅允许每年5%的关税配额（13万吨）进口。农业团体已放话，若政府在此问题上让步，将发动全国抗议。 因此，李在明政府只能选择对中国钢材加征关税这条看似"成本最低"的道路，向美国表忠心。然而，此举却给韩国经济带来沉重打击。 ...

Core Viewpoint - The increasing focus on "involution" competition in China is expected to accelerate the implementation of "anti-involution" policies, drawing lessons from overseas experiences in the U.S., Japan, and Europe to reshape industry dynamics [3][4]. Group 1: Anti-Involution Policies - Since the second half of 2024, China's macro policies have increasingly addressed "involution" competition, with significant meetings highlighting the need for industry self-discipline and the prevention of "malicious competition" [4][10]. - The essence of the current "anti-involution" policies is not to suppress market competition but to promote a transition from inefficient, disorderly expansion to sustainable, high-quality growth through institutional restructuring and incentive mechanism reform [4][15]. Group 2: U.S. Strategies - The U.S. government actively encourages mergers and acquisitions to force outdated capacities out of the market, leading to an oligopolistic competition structure that mitigates intense rivalry [5][23]. - The U.S. has shifted labor-intensive industries overseas, alleviating high domestic costs while promoting high-tech industries domestically, thus achieving a restructuring of the value chain [5][25]. - A series of innovation policies have been implemented to guide industry upgrades, enhancing market competitiveness through sustained research and technological advancements [5][26]. Group 3: Japanese Approaches - Japanese companies have accelerated their overseas expansion through "grouping out," supported by government policies that reduce risks associated with international operations [6][33]. - The Japanese industry has undergone significant consolidation, resulting in fewer but larger firms that reduce unnecessary competition and enhance profitability [6][37]. - Many Japanese firms are actively transforming their business models to escape homogeneous competition, focusing on high-value-added products and brand differentiation [6][44][45]. Group 4: European Measures - Europe employs rigid institutional constraints to set competitive boundaries, preventing companies from falling into involution cycles through strict regulations on state subsidies and competition law enforcement [7][46]. - The European Green Deal aims for carbon neutrality by 2050, raising industry entry standards and encouraging technological innovation, which helps eliminate low-value-added competitors [7][50]. - New regulations in the EU for renewable energy projects emphasize non-price criteria, creating barriers for foreign companies while favoring local enterprises [7][51].

Group 1 - The South Korean Minister of Industry discussed cooperation with the United States on strategic industries including shipbuilding, semiconductors, and batteries [1]

Group 1 - The South Korean Minister of Trade, Industry and Energy discussed strategic industry cooperation with the United States, focusing on sectors such as shipbuilding, semiconductors, and batteries [1]

Group 1 - The core point of the article is the announcement of a significant trade agreement between the United States and Japan, which includes commitments from Japan to purchase 100 Boeing aircraft, increase U.S. rice imports by 75%, and procure $8 billion worth of U.S. agricultural products and military equipment [1][5] - The agreement is described as a "historic" deal that strengthens U.S.-Japan relations, with Japan committing to invest $550 billion in revitalizing key U.S. industries, creating hundreds of thousands of jobs [1][2] - The U.S. will retain 90% of investment profits from this agreement, ensuring that American workers, taxpayers, and communities benefit significantly [2] Group 2 - In the agricultural sector, Japan will immediately increase its imports of U.S. rice by 75% and expand import quotas, while also committing to purchase $8 billion worth of U.S. products including corn, soybeans, fertilizers, bioethanol, and sustainable aviation fuel [5] - The energy sector will see a substantial increase in U.S. energy exports to Japan, with new long-term procurement agreements for Alaskan liquefied natural gas (LNG) being established [5] - In manufacturing and aerospace, Japan has agreed to purchase 100 commercial aircraft from U.S. manufacturers and will increase its procurement of U.S. defense equipment by several billion dollars annually [5] Group 3 - The agreement will eliminate long-standing restrictions on U.S. automobiles and trucks entering the Japanese market, with U.S. automotive standards being recognized for the first time in Japan [5][7] - The U.S. will reduce tariffs on Japanese-made cars from 27.5% to 15%, with no quantity limits under the new tax rate [7] - Concerns have been raised by the U.S. automotive industry regarding the potential negative impact of the agreement on American manufacturers, particularly if tariffs on Japanese imports are lower than those on North American-made vehicles [9]

Core Viewpoint - Japan is initiating discussions to join the Alaskan LNG development project as part of its strategy to leverage investments in the U.S. during tariff negotiations with the Trump administration [1] Group 1: Investment Strategy - Japan aims to expand its investments in the U.S. as a bargaining chip in tariff negotiations [1] - The discussions will focus on participating in the liquefied natural gas (LNG) development plan in Alaska [1] Group 2: Technological Collaboration - Japan possesses technological advantages in shipbuilding and semiconductor manufacturing equipment [1] - The country is proposing to enhance cooperation in these sectors to contribute to the revitalization of U.S. manufacturing [1]

Economic Overview - Jiangsu is China's second-largest economic province, with a projected GDP of 13.7 trillion yuan in 2024, leading the nation in growth increment [1] - In the first half of this year, Jiangsu's GDP reached 6.7 trillion yuan, a year-on-year increase of 5.7%, surpassing the national average by 0.4 percentage points [1] - The industrial added value above designated size grew by 7.4%, with the manufacturing sector increasing by 7.9% [1] Technological and Industrial Innovation - Technological and industrial innovation are fundamental paths for developing new productive forces, with significant achievements in 6G, deterministic networks, and endogenous security from the Zijinshan Laboratory [1] - Jiangsu's regional innovation capability ranks second nationally, with a focus on transforming scientific achievements into practical productivity [1] - The provincial government is promoting the integration of technological and industrial innovation through various initiatives, including the establishment of advanced manufacturing clusters [1] Robotics Industry - Jiangsu has over 1,000 robotics-related enterprises, generating approximately 90 billion yuan in revenue in the first half of the year, reflecting an 11% year-on-year growth [3] - A robotics manufacturing company in Suzhou reported a production value exceeding 1 billion yuan in 2024, with a compound annual growth rate of over 100% in the past three years [2] - The company experienced a nearly 30% increase in order value, with 20% of its products exported overseas [2] Shipbuilding Industry - Jiangsu's shipbuilding industry is revitalized through digital transformation, with a company in Nantong planning to export 14 vessels worth approximately 1.129 billion USD, a 17% increase year-on-year [5] - The province's shipbuilding completion volume, new orders, and backlog accounted for 45.9%, 25.5%, and 41.7% of the national total, respectively [6] - Jiangsu's total shipbuilding exports reached 104.22 billion yuan in 2024, marking a 59% year-on-year increase, leading the nation [6] Advanced Manufacturing - Jiangsu has 14 national-level advanced manufacturing clusters, the highest in the country, accounting for nearly 20% of the national total [6] - The province is focused on transforming traditional manufacturing through intelligent upgrades and digitalization, with significant improvements in efficiency and cost savings reported by various companies [6] - Jiangsu has cultivated 1,808 advanced intelligent factories and 3,838 intelligent manufacturing workshops, ranking first nationally in the number of national-level intelligent factories and digital enterprises [6]

Group 1 - The U.S.-Japan investment agreement will focus on semiconductor design and manufacturing, natural gas, and new shipbuilding facilities [1]