Japanese media focus on China's economy exceeding expectations, Chinese AI challenging the monopolies of international giants.

This morning, China's economic half-year report was released, and Japanese media immediately paid attention to and reported on the relevant data. Among them, Japanese media such as Asahi TV and TBS TV focused on China's economic growth in the first half of the year exceeding the Chinese government's previous expectations of around 5%, showing that China's economic stimulus policies are effective. Looking back at the first half of this year, it is worth mentioning in the field of artificial intelligence, Chinese startups releasing open-source large models have challenged the monopoly position of international technology giants, leading to a positive boost in the global market valuation of Chinese assets. Many clients investing in Chinese stocks have recently paid great attention to Chinese companies in the fields of robotics, artificial intelligence, and new energy vehicles. Based on considerations of China's economic fundamentals and market potential, Nomura Securities has recently significantly upgraded its rating on Chinese stocks to "tactically overweight," reflecting positive expectations for the Chinese market outlook.