Core Insights - The global competition in quantum computing is intensifying, with China rapidly closing the gap with the United States, potentially leading to a situation where the U.S. may only be ahead by "a few nanoseconds" [1][2] - John Martinis, a prominent figure in quantum computing, emphasizes the competitiveness of China's advancements in the field, indicating that Western researchers are concerned about the genuine race between the two nations [1][2] Investment and Strategic Focus - The U.S. government, while currently focused on artificial intelligence, is beginning to shift its attention towards the challenges posed by quantum computing [2] - China has strategically prioritized quantum technology development since the "13th Five-Year Plan" (2016-2020) and has included it in the "14th Five-Year Plan" (2021-2025) as one of the seven key areas for technological advancement [5] Technological Advancements - China's latest generation of optical quantum computer, Jiuzhang 4, has achieved control over 3,050 photons, significantly outperforming traditional computers in specific tasks [5] - The potential applications of quantum computing span various fields, including medicine, finance, artificial intelligence, and military, with implications for existing encryption systems [4] Funding and Investment Disparities - China leads the world in public funding for quantum technology, with an investment of $15.3 billion, which is eight times that of the U.S. government's investment of $1.9 billion and double that of the European Union's total investment of $7.2 billion [5] - A report by LexisNexis suggests that China could surpass the U.S. in quantum computing patents as early as 2027, indicating a significant shift in technological capabilities [5][6] Future Outlook - Experts predict that Chinese research institutions will play a crucial role in the development of quantum technologies in the coming years, similar to the technological transformations seen in the electric vehicle sector [6]

设置"落叶不扫"道路名单并负责日常管理的责任主要在环卫部门，由于存在认知"时间差"，导致往 年一些"落叶不扫"道路启动和结束得太早，市民游客兴冲冲赶到现场，发现树木还没变色、落叶，而真 正有"落叶地毯"时，又被马上扫掉了。 杨浦区绿化管理事务中心高级工程师裴蓓坦言，为解决信息不对称的问题，杨浦区调整了"落叶不 扫"道路的管理机制，每年根据一线环卫工人和绿化管理部门反映的实际情况和专业预测来动态调整"落 叶不扫"道路名单以及启动、结束的时间。国晓路、清波路上的银杏、鹅掌楸、栾树这几年变色和落叶 的时间稳定地延后了约两周，便将"落叶不扫"启动时间延后至12月1日。 记者 陈玺撼 一年一度，上海全城再次迎来限定版"落叶地毯"景观。市绿化市容局昨天公布44条"落叶不扫"道路 名单，和去年相比，这份名单晚了一周。 名单公布得晚，道路保留落叶的时间也启动得晚。和往年的11月上旬就启动相比，宝山区昨天启动 的3条"落叶不扫"道路是全市最早的3条，而浦东的陆家嘴西路（明珠环岛至滨江大道）、乳山路（桃林 路至源深路）要到12月10日至12月25日才开启"落叶不扫"，是44条道路中最晚的两条。 这与正在变化的气候有密切关系。"近 ...

川流不息的街市上，悬铃木以青翠绘就的流碧，染青了城阳的条条街道。车和人穿行其间，如同步入长 长的绿廊。 胶东半岛的天亮得早。每天清晨，我顺着明阳路走过悬铃木夹道的街区。晨光熹微时，树影斜斜地铺在 柏油路上，上班族从悬铃木的怀抱里，先享受到一份早茶般养胃暖心的清爽。透亮的露珠悬在叶尖，将 坠未坠。早起的鸟群叽叽喳喳，在枝头欢叫跳跃，惊落几滴清露，正打在我的肩膀，还带着悬铃木芳叶 的清香。 正午时分，阳光最是耀眼。悬铃木的叶子密密匝匝相挨着，将烈日筛成细碎的金箔，投照在附近的墙面 窗台。树荫下，摆摊的小贩支起遮阳伞，卖油条，卖煎饼馃子，卖麻辣串。行人悠闲，在树木笼盖的绿 荫下徜徉。 青岛城阳的悬铃木极其多，沿着南北叫"城"、东西叫"阳"的街道走，路两旁尽是，公园与小区里无不遍 植，繁茂蓬勃。 天气转暖，悬铃木那些经历寒冬的球形果实打开，密布其间的无数条绒毛在果实开裂时纷纷脱落，随风 起舞，形成漫天的飞絮。飞絮将要飞尽时，舒展的柔嫩枝条上开始抽芽，绽放出新绿。季节的交替，总 是在北纬36度的地方，优雅而缓慢地进行。 好风景往往得徐徐展开。悬铃木新发的枝叶，正一条条一片片地出芽，鹅黄，叶片上有毛茸茸的白色绒 毛。枝叶 ...

Group 1 - The 2025 World Artificial Intelligence Conference (WAIC) featured extensive discussions on the intersection of quantum computing and artificial intelligence (AI) [1] - Experts believe that quantum computing can address certain AI challenges and may accelerate tasks related to recognition and language models under specific conditions [1][2] - Companies like Bosi Quantum and Turing Quantum are actively exploring market applications in various fields, including finance, communication, life sciences, AI, and energy [2] Group 2 - Bosi Quantum has completed six rounds of financing and aims to commercialize specialized quantum computers within 3 to 5 years, with ongoing collaborations in life sciences and finance [2] - Turing Quantum, established in 2021, has completed five rounds of financing, with the latest round raising hundreds of millions for photon chip development [2] - China Mobile has been investing in quantum technology since 2019 and is focusing on integrating quantum technology with AI, aiming to create replicable and scalable applications in various sectors [3] Group 3 - Currently, four quantum computers have claimed quantum supremacy, including China's Jiuzhang and the superconducting quantum computer Zuchongzhi series [3] - The industry anticipates significant advancements in quantum computing, with expectations to resolve error correction issues within 5 to 10 years and develop fault-tolerant universal quantum computers by 2035 or 2040 [4] - NVIDIA's CEO has indicated that the quantum computing field is at a historic turning point, predicting that future supercomputers will integrate quantum processing units (QPU) alongside GPUs [4]

Investment Rating - The industry investment rating is "Overweight (Maintain)" [2] Core Insights - The recent achievement of the "Zuchongzhi No. 3" quantum computing prototype, which operates at 105 qubits, demonstrates a processing speed that is 10 trillion times faster than the current fastest supercomputer, solidifying China's leading position in superconducting quantum computing [2][3] - The Chinese team has surpassed Google's "Sycamore" processor, which operates at 67 qubits and is only 1 billion times faster than supercomputers, by a factor of 100 million [3] - The Chinese government is actively supporting quantum technology development, with plans to establish a "carrier-level" national venture capital fund focusing on cutting-edge fields like quantum technology [3] Summary by Sections Industry Overview - The global quantum computing landscape is shifting from a "follower" to a "leader" position for China, as it is currently the only country achieving quantum supremacy in both photonic and superconducting technologies [3] Technological Advancements - The "Zuchongzhi No. 3" has achieved the first stage of quantum computing development (quantum supremacy) and is paving the way for the second stage (application of dedicated quantum simulators) [3] Investment Recommendations - Recommended companies to watch include: Guandun Quantum, Keda Guokai, Shenzhou Information, Sanwei Xinan, Jida Zhengyuan, Tianrongxin, Geer Software, Guangxun Technology, Fudan Fuhua, Hexin Instruments, Guoxin Technology, and Dahao Technology [4]