Nanchang-Manufactured New Energy Vehicles Shipped to Pakistan in Bulk; Jiangxi Jiangling Group Electric Vehicle Co., Ltd. Expands Its South Asian Market Footprint “南昌造”批量出口巴基斯坦！江铃集团新能源拓宽南亚市场

From Obscure Small Factory to Global Leader: Jiangxi-Manufactured Rock Drilling Booms Power Deep Underground Engineering 从无名小厂到全球领先：“江西制造”凿岩台车深耕地下工程 #China# #Jiangxi# #JiangxiEconomy# #世界经济看中国# #赣出新精彩#

全套装备全国产化研发，东福一号打破海外海水制氢技术长期垄断#科技自立自强# All equipment is domestically researched and manufactured, Dongfu No.1 breaks the long-term foreign monopoly on seawater hydrogen production technology. #TechSelfReliance#

6月30日，苹果代工厂塔塔电子被黑之际，爆料人 EvLeaks 公布了一段 iPhone 18 Pro Max 的“跌落测试”神秘视频，出镜的机型为银灰色版本。 传闻iPhone18Pro会取消双色调设计看来是真的，后盖和边框采用单色设计，配备更大尺寸的可变光圈摄像头，并搭载全新的 A20 Pro 芯片。买不买？ ​On June 30, while Apple contract manufacturer Tata Electronics suffered a cyberattack, leaker EvLeaks released a mysterious drop-test video of the iPhone 18 Pro Max, featuring the silver-gray variant. Rumors that the iPhone 18 Pro will ditch the two-tone design appear to hold true; its back panel and frame adopt a monochromatic finish. It comes with a larger variable-aperture camera and the brand-new A20 Pro chip. Would you buy it?

单月百万辆出口印证制造业升级，汽车、新能源、高端装备协同出海，持续夯实中国外贸高质量发展核心底座 The milestone of one million monthly exports marks China’s manufacturing upgrade. Auto, new energy and high-end equipment exports jointly underpin high-quality foreign trade growth.

人形机器人正在进入“部署基础设施”阶段。 Agility Robotics @agilityrobotics 在 Fremont 开设了一座 60,000 平方英尺的新设施，用于训练、测试和提升其人形机器人 Digit 背后的 AI 能力。Digit 主要面向物流和制造场景。 这座设施将与 Agility 位于 Oregon 的 RoboFab 制造工厂形成配合。Fremont 更侧重软件、新技能训练、客户工作流、现场运营和安全验证。 Agility 表示，Digit 已经在 Schaeffler、GXO、Toyota Motor Manufacturing Canada 和 Mercado Libre 等客户场景中部署，并已获得超过 3 亿美元的 Digit v5 有条件多年订单。 对 Physical AI 来说，机器人周围的部署基础设施，可能会和机器人本身一样重要。

#为什么是中国# #WhyChina# The Global Logic of China's Economic Growth in the First Half of 2026: A 4.7% GDP Increase 2026年上半年GDP增长4.7%：中国经济增长的全球逻辑 According to the latest semi-annual report, China's gross domestic product (GDP) reached 69.6 trillion yuan, representing a year-on-year increase of 4.7% at constant prices, in line with the annual growth target. Against a backdrop of intertwined international complexities and volatilities, China's economic performance is commendable. Yet, a closer look at the data reveals that the logic underpinning China's economic growth is being reshaped. (I) At the Industry Level, Notable Highlights Emerge: First, new quality productive forces are being cultivated and strengthened at an accelerated pace.** In the first half of the year, industrial production grew robustly. The value-added output of the equipment manufacturing sector increased by 9.3% year-on-year, and that of high-tech manufacturing grew by 13.3%, both outpacing the overall growth rate of industrial output above a designated scale. This underscores a clear trend toward a high-end, intelligent, green, and integrated industrial structure. Looking at specific products, the output of 3D printing equipment, lithium-ion batteries, industrial robots, and other products emblematic of new quality productive forces surged. The average daily token call volume has reached hundreds of trillions, showcasing the vitality and potential of the digital and intelligent economies. Second, new growth drivers are accelerating to take on a leading role. Preliminary estimates suggest that new growth drivers—encompassing high-end manufacturing, the digital economy, and modern services—contributed over 40% to economic growth in the first half of the year. The economy's distinct shift toward a higher quality and more optimized structure is evident, and this overall trend is accelerating. For instance, industries related to artificial intelligence, such as integrated circuit manufacturing and intelligent vehicle equipment manufacturing, have all maintained high growth rates exceeding 30%, vividly illustrating the pace of China's industrial upgrading. Third, confidence on the investment front is on the rise. In the first half of the year, investment in high-tech industries grew by 4.6% year-on-year. Notably, investment in the manufacturing of aircraft, spacecraft, and equipment, computer and office equipment manufacturing, and information services grew by 23.3%, 8.1%, and 15.5%, respectively. Investment structure best reflects market expectations. The increasing "new economy content" in investments signals an acceleration in the replacement of old growth drivers with new ones. Investment in intellectual property products grew by 9.4%, indicating that enterprises are placing greater emphasis on R&D and innovation. This suggests that technological advancement is not simply about capacity expansion but about qualitative change driven by innovation. (II) Observing a Major Economy Requires Looking Beyond the Immediate Figures to the Long-term Trajectory. Behind the "new economy content" of the semi-annual report lies China's ongoing transformation from a global manufacturing hub to a global center of innovation. At the 17th Annual Meeting of the New Champions (Summer Davos), observers noted a new phenomenon: a host of unicorn companies are heading to China. They are establishing R&D centers, regional headquarters, and deeply integrating into China's innovation and industrial chains—shifting from "produced in China" to "created in China." So, why China? Economist Justin Yifu Lin, in his book *Demystifying the Chinese Economy, touched upon the theory of the "speed of technological change." He argues that the essence of the industrial revolution is not just the application of new technologies, but more fundamentally, the ever-accelerating pace of technological change. Since the mid-18th century, starting with the steam engine reshaping the textile industry, the snowball of technological change has grown, rapidly sweeping through industries like chemicals and automobiles, ultimately redrawing the geographical map of great power competition. Looking at China today, the trajectory of accelerating technological change is equally clear. A leading enterprise can drive an entire industry, which in turn can boost a whole region. These burgeoning industrial clusters, growing from saplings to forests, not only enhance production efficiency and invigorate market vitality but also effectively improve development quality and resilience. For example, specialized and sophisticated "little giant" enterprises above a designated scale in Beijing, through deep cultivation of innovation chains, supply chain collaboration, and international expansion, have become "connecting points" and "accelerators" for the dual circulation strategy. More importantly, emerging industrial clusters possess powerful spillover effects. The rapid rise of new energy vehicles is not only reshaping the automotive industry but also driving transformations in chips, software, and energy networks, allowing more sectors to gain value from efficiency improvements. The swift advancements in AI and biomedicine are sparking a "gentle qualitative change" in people's livelihoods, significantly enhancing the sense of fulfillment and well-being through smarter, more affordable products and more livable environments. (III) Looking from the First Half to the Full Year, China's Development Momentum Remains Positive. Of course, during this critical period of transitioning between old and new growth drivers, China's economy still faces lingering issues and new challenges. Some core areas are still grappling with "bottleneck" technologies, certain high-tech industries face external risks of "decoupling" and supply chain disruptions, and "involution"-style competition affects the new energy market ecosystem. However, most of these are issues arising from development and transition, and they can be addressed with effort. The supporting conditions and fundamental trends for long-term economic improvement remain unchanged. China's economic journey toward a newer, higher-quality model is itself a process of encountering new problems and solving them along the way. By maintaining confidence, proceeding steadily, and balancing both qualitative improvements and quantitative growth, China's industries are poised to be brimming with dynamism, and the Chinese economy will continue to advance steadily and sustainably. #China# #Jiangxi# #JiangxiEconomy# #世界经济看中国# #赣出新精彩#

关于人形机器人，头部玩家都比较看好 Unitree 和 Agility Robotics两个标的。 1/ 很多兄弟还没反应过来：人形机器人已经不在科幻片里了，它已经陆续在工厂的订单簿里。 2/ 两件事，让我最近重新看了一遍这个赛道。 第一件，NVIDIA 把 Unitree H2 选进了 Isaac GR00T 参考平台，专门给学术研究用。 以后全球做机器人 AI 的实验室，大概率都要围着这套平台跑数据、调算法。 老黄的算力霸权，已经从云里伸到了机器人的"身体"里。 第二件，Agility Robotics 刚通过 SPAC 在纳斯达克上了市，估值 25 亿美元，手里还攥着大概 3 亿美元预订单。 转头又跟 Toyota Motor Manufacturing Canada 签了合同，先部署 7 台 Digit 机器人进工厂。 7 台确实不多，但标志着机器人不再是展会上的 demo，而是开始签单、进产线、算投资回报。 3/ 中国这边也没闲着。 北京已经定目标，2026 年底要在 100 多个高价值场景里规模化应用。 现在国内人形机器人租赁价已经到 3000 元/天左右。 Unitree 准备上上海科创板，估值一度冲到 70 亿美元，背后站着吉利、阿里、腾讯。 更关键的是，这家公司从 2020 年就开始盈利，不是那种只会烧钱讲故事的。 4/ 华尔街给的数字很夸张，但方向是一致的。 摩根士丹利预测，2050 年全球人形机器人保有量可能到 10 亿台，对应 5 万亿美元市场。 高盛则认为，韩国公司会拿下全球人形机器人生产 30% 的份额。 这些数字未必准，但它们说明一件事：整个产业链都在押注同一条曲线——物理 AI 的渗透率提升。 5/ 普通人怎么参与？我不建议赌某一家机器人公司能不能成为下一个特斯拉。 这个阶段赢家还没定型。更好的办法是用 ETF 押注整条产业链。 目前最对口的工具是 KOID——KraneShares Global Humanoid Robotics and Physical AI Index ETF，2025 年 6 月成立，是美国首只专门投资人形机器人的 ETF。 6/ KOID 现在持有 58 只股票，等权重配置，覆盖机器人本体、减速器、传感器、半导体和供应链。 前十大持仓占比约 30.31%： CRDO（4.06%）：高速连接芯片，机器人的"神经系统" 意法半导体 STMPA（3.51%）：传感器和控制芯片大厂 瑞萨 Renesas（3.47%）：机器人工业芯片 英飞凌 IFX（3.30%）：功率半导体，电机驱动核心 绿的谐波 688017（3.15%）：国产谐波减速器龙头，机器人关节核心部件 Harmonic Drive Systems 6324（3.02%）：日本老牌谐波减速器 THK（2.68%）：导轨、丝杠，机器人动起来靠它 德州仪器 TXN（2.41%）：模拟芯片和传感器 雷赛智能 002979（2.37%）：运动控制，管机器人怎么动 Moog（2.34%）：精密运动控制部件 今年以来涨约 29.4%，过去一年涨约 60.4%。 7/ 我的判断很直接： AI 的上半场是云和软件，下半场是物理世界。 机器人就是 AI 的"身体"。 这个主题还在早期，空间足够大。 用一小部分卫星仓位配置 KOID，比押注单只股票更理性，也比完全错过这个时代更踏实。 兄弟们不急着梭哈，但值得认真放进观察名单里。