【Monthly Market Strategy with Julius Bär】With Korean semiconductor stocks down nearly 50% from their June peak, has the AI correction finally run its course? Where could the next leg of the AI rally come from, and how are China’s cheaper AI models — including DeepSeek’s rumoured new release — reshaping the competitive landscape? 韩国半导体股自6月高位以来已回落近50%，AI板块回调是否已接近尾声？下一轮行情将由哪些领域推动？与此同时，低成本AI模型在中国持续发展，又将为全球AI的竞争格局带来什么变化？ 除AI主题外，市场亦聚焦价值股回归、中国经济增长预期、香港交易所推出五年期中国国债期货，以及黄金和白银强劲反弹等重要议题。 本期《市场透视》播客于2026年8月11日录制 ***2026.08.11录制。英文版并非中文版的英文翻译，有更多的细节讨论*** 节目播客链接：

The project *3D PN Junctions with V-Defects and Their Applications*, headed by Academician Jiang Fengyi from Nanchang University, claimed the First Class Award of the 2025 National Natural Science Award of China. #Jiangxi# #JiangxiEconomy# #世界经济看中国# #赣出新精彩#

China's first land-based rocket recovery: On August 19, the Zhuque-3 Y2 launch vehicle was launched, and the rocket's first stage successfully completed land recovery as scheduled. 中国首次实现火箭陆地回收：8月19日，朱雀三号遥二运载火箭发射升空，火箭一子级按预定程序成功完成陆地回收。 #China# #世界经济看中国# #WhyChina#

For the first half of this year, Guixi, Jiangxi, China—its large-scale copper enterprises raked in 198.654 billion yuan in revenue, up 20.60% year-on-year. The share of new copper-based material products rose to 54.8%, helping drive a 62.19% surge in industrial profits. 今年上半年，中国江西贵溪规模以上铜企业营收1986.54亿元，增长20.60%，铜基新材料产品产量占比提升至54.8%，带动产业利润增长62.19%。 #China# #世界经济看中国# #Jiangxi# #赣出新精彩#

From "selling raw materials" to "making blades": Jiangxi, China's tungsten industry chain has achieved import substitutions in three key areas—technology, equipment, and products. The output value of cemented carbide has exceeded 900 million yuan, and annual revenue is expected to surpass 2 billion yuan. 从“卖原料”到"做刀片":中国江西的钨产业链实现了技术、设备、产品三大进口替代，硬质合金产值突破9亿元，年营收将超过20亿元。 #China# #世界经济看中国# #Jiangxi# #JiangxiEconomy# #赣出新精彩#

Jiangxi Copper Corporation Limited ranked 164th on the Fortune Global 500 list in 2025 with an annual revenue of $80.4878 billion, marking its 14th consecutive year on the list. 江西铜业集团有限公司以2025年度804.878亿美元营业收入位列《财富》（Fortune）世界500强榜单第164位，这是江铜公司连续14年上榜。 #China# #世界经济看中国# #Jiangxi# #JiangxiEconomy# #赣出新精彩#

Unitree Robotics of China developed its new "Superhuman" robot in just over three months. Standing with legs 0.85 meters long, it can jump 2 meters vertically and reach a top speed of 12.66 m/s, breaking dual records for human vertical jump and running speed. 中国宇树科技仅用3个多月研发出“超人”款新机器人，腿长0.85米，原地跳高2米，极限速度12.66m/s，突破了人类原地跳高和奔跑速度的双重纪录。 #China# #世界经济看中国# #WhyChina#

The Nanchang-Jiujiang High-Speed Railway has entered the static acceptance phase. Stretching 138 kilometers with a designed speed of 350 kilometers per hour, it runs from Jiujiang City in northern Jiangxi Province, China, south to Nanchang City. 昌九高铁进入静态验收阶段。这条高铁全长138公里，设计时速350公里，北起中国江西省九江市，南至南昌市。 #China# #Jiangxi# #JiangxiEconomy# #世界经济看中国# #赣出新精彩#

From January to June, Jiangxi Province, China recorded a total foreign trade import and export volume of 262.53 billion yuan, a year-on-year increase of 18.5%. Exports of electric passenger vehicles surged by 236.5%. 1-6月份，中国江西全省货物贸易进出口总值2625.3亿元，同比增长18.5%，其中电动载人汽车出口增长236.5%。 #China# #Jiangxi# #JiangxiEconomy# #世界经济看中国# #赣出新精彩#

At Jiangxi Fudan Biotechnology Co., Ltd., 1 million fresh eggs are processed into 42 tons of standardized liquid egg raw materials daily, which are supplied to surrounding food enterprises, building an industrial chain featuring precise docking and efficient collaboration. 在江西福旦生物科技有限公司，每天有100万枚鲜蛋转化为42吨标准化蛋液原料，供往周边食品企业，形成精准对接、高效协同的产业链。 #China# #Jiangxi# #JiangxiEconomy# #世界经济看中国# #赣出新精彩#