Core Insights - The debate over the "AI bubble" is intensifying as global investments flood into the AI sector, raising questions about the sustainability of China's AI industry [1] - Historical lessons from the internet bubble suggest that while initial excitement may lead to a bubble, a few companies will emerge post-bubble to create significant societal value [1] Group 1: Current State of AI in China - China's AI development is primarily driven by demand, focusing on practical applications rather than speculative investments [1] - As of June this year, the user base for generative AI in China reached 515 million, providing a solid foundation for AI training and optimization [1] - AI technologies are being integrated across various sectors, including agriculture, industry, and services, facilitating the transformation of traditional industries [1] Group 2: Future Prospects and Strategic Directions - The "14th Five-Year Plan" emphasizes the implementation of the "AI+" initiative, aiming to integrate AI with various sectors to enhance productivity and societal welfare [2] - High-value AI applications are expected to evolve from basic to deep applications, addressing significant pain points and enabling large-scale implementations [2] - AI can optimize production processes in smart manufacturing, helping companies reduce costs and improve decision-making in complex scenarios [2] Group 3: Investment and Entrepreneurial Strategies - The true bubble arises from concept speculation rather than the technology itself, urging investors to focus on core value segments within the AI industry [2] - Entrepreneurs are advised to maintain clarity and avoid following trends blindly, emphasizing the importance of deepening scenario innovation [2] - Participants who concentrate on the essence of technology and its commercial value are likely to succeed in the ongoing technological revolution [2]

在全球经济格局深刻调整、外部环境不确定性显著增加的背景下，哪里才是资金的"避风港"？5月19日，在由深交所主办的2025全球投资者大会上，许 多国际投资者给出了答案——中国资产。 当前，中国资产向上重估，已成为不少国内外投资者的共识。一方面，中国凭借在高端制造、人工智能等前沿领域的强势突破，不仅重塑了产业格局，更释 放出巨大的投资潜力；另一方面，政策层面的持续发力、制度环境的不断优化，进一步稳固了中国市场的吸引力。现场众多投资机构人士接受记者采访时普 遍表示，未来将持续、积极地加码布局中国，寻找持续稳定且持续增长的机会。 新质生产力发展孕育巨大投资机遇 在全球经济格局深度调整、金融市场波动加剧的当下，中国市场正凭借其独特优势，成为全球投资者眼中的"稳定绿洲"。"去年下半年到现在，金融市场以及经济发 展呈现出'东稳西荡'的趋势，很重要的原因是来自于中国自身的产业革命。"摩根士丹利中国首席经济学家邢自强表示。 邢自强分析，从2018年第一次贸易摩擦以来，中国从政策面到企业自身呈现了"凤凰涅槃"般的局面，这体现在新质生产力发展已呈现出清晰脉络。在前沿产业领 域，中国积累了显著的先发优势，高端制造业、智能驾驶、新能源 ...

Group 1 - The core viewpoint of the articles is that China is increasingly seen as a "safe haven" for global investors amid significant global economic adjustments and uncertainties, with a consensus emerging on the upward revaluation of Chinese assets [1][2][6] - China's strong breakthroughs in high-end manufacturing and artificial intelligence are reshaping the industrial landscape and releasing substantial investment potential [1][2] - The development of new productive forces in China is creating significant investment opportunities, particularly in advanced industries such as high-end manufacturing, smart driving, and new energy [2][3] Group 2 - China has established a competitive advantage in the electric vehicle industry, leading the world in both battery technology and production volume, thus forming a complete and competitive industrial chain [2] - In the AI sector, China is recognized as a leading player, capable of integrating disruptive technologies into production processes, with a growing number of patent applications and innovative applications emerging [3][4] - Foreign investment institutions are increasingly recognizing the investment opportunities arising from China's new productive forces, with multinational companies accelerating their "China +1" supply chain diversification strategies [3][4] Group 3 - The concept of "long money, long investment" is viewed as a crucial driver for nurturing new productive forces, supported by policies encouraging long-term capital allocation in China [5][6] - Recent policy measures aimed at stabilizing the financial market and boosting investor confidence have led to a significant increase in foreign capital inflows into Chinese assets [6][7] - The A-share market has become strategically important, with foreign investors showing a strong interest in China's economic recovery and growth potential, particularly in AI and related industries [6][7][8]