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The yield on Japans two-year government bonds rose 1.5 basis points to 1.445%.According to the official measurement of the China Earthquake Networks Center, a 3.7-magnitude earthquake occurred in Shaya County, Aksu Prefecture, Xinjiang (41.00 degrees north latitude, 83.31 degrees east longitude) at 11:59 on July 9, with a focal depth of 22 kilometers.July 9th - The Japanese bond market is signaling declining confidence in the central banks ability to curb inflation, while government spending plans further exacerbate fiscal pressures. This week, yields on 10-year and 20-year Japanese government bonds surged to multi-decade highs as renewed concerns arose about Prime Minister Sanae Takaichis commitment to fiscal discipline and monetary policy normalization. On Wednesday, the spread between 10-year and 2-year JGB yields widened to 143 basis points, the highest level since 2004, reflecting heightened market concerns about long-term inflation and price risks, while expectations for short-term Bank of Japan rate hikes weakened. Kento Minami, senior economist at Daiwa Securities, stated, "The recent steepening of the yield curve is a warning sign from investors, indicating a gap between the risks the market is measuring and the governments fiscal and monetary policies."On July 9th, in a report titled "Investment Strategy: Going Long on Chinas AI Value Chain," Goldman Sachs analyst Louis Mille wrote, "Chinas AI industry has officially come into our view." The reason given is that "the unprecedented combination of massive government support, surging global demand, and structural capital rotation makes Chinas AI one of the most compelling growth stories in the technology sector today." Goldman Sachs presented three key points to support its investment argument: Chinese AI companies market capitalization is severely mismatched with market size, leaving ample room for valuation upside; the Chinese AI industry chain possesses unique competitive advantages that are currently undervalued by the market; and the Chinese AI sector is outperforming other Chinese assets, with funds structurally increasing their allocation.On July 9th, it was learned that XPeng Group held its first all-staff meeting for its Robotaxi business and announced the official launch of employee internal testing. He Xiaopeng stated that in the next ten years, all embodied intelligent carriers will essentially become robots. Robotaxi is a crucial step for XPeng from new energy vehicles to "robot cars," and a key piece in XPengs physical AI landscape. Based on the development trend of software and hardware integration in the AI era, XPeng will focus on vehicle platforms, autonomous driving software, and AI capabilities to become a Robotaxi software and hardware service provider serving global partners. By providing complete solutions, XPeng will promote the global deployment of Robotaxi.