Group 1 - The first meeting of the China-US economic and trade consultation mechanism took place in London from June 9 to 10, leading to a significant drop in A-shares while US stocks rose [1] - US stock indices reached new closing highs, with the Nasdaq up 0.63%, S&P 500 up 0.55%, and Dow Jones up 0.25%, marking the highest closing levels in at least three months [1] - The trade negotiations encountered a deadlock, with the US proposing a "lithography machine for rare earths" condition, which was firmly rejected by China, indicating a deeper logic of global industrial chain restructuring [1] Group 2 - China has made decisive breakthroughs in technological autonomy, with the domestic production rate of the SSB500 series lithography machine reaching 82% and the development of a 0.5-nanometer magnetic levitation drive system breaking foreign monopolies [2] - The advancements in core components such as optical systems and dual workpiece tables demonstrate China's capability for self-control, diminishing the US's leverage in negotiations [2] - The current negotiation dynamics suggest that China holds the initiative, and the dual defense of "resource control + technological breakthroughs" positions China favorably in the ongoing trade discussions [2]