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Foreign financial institutions bullish on China's hard-tech growth momentum_我的网站

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    Visitors interact with a robot from Unitree Robotics during the sixth China International Consumer Products Expo (CICPE) in Haikou, south China's Hainan Province, April 14, 2026. (Xinhua/Gao Jing)Foreign financial institutions are finding a stronger investment case in China's hard-tech industries as breakthroughs in AI, semiconductors, and advanced manufacturing are driving more exports, higher earnings, and growing interest from global investors.
China's high-tech exports surged over 50 percent year on year in July, well ahead of the 17.8-percent growth in total exports, customs data showed. The export gains are being mirrored in investment flows, with foreign funds moving into Chinese technology stocks and global indices adding newly listed hard-tech companies.
Rob Subbaraman, head of global macro research and co-head of global markets research at Nomura, said China's low-cost and abundant electricity supply, growing talent pool and early lead in physical AI are driving the rapid development of its AI industry chain.
China's development of open-weight models could accelerate their adoption by businesses, allowing productivity gains from AI as a general-purpose technology to spread more quickly across the economy, he said, citing models from Chinese firms including DeepSeek and Moonshot AI.
"The lower cost of these models was another advantage," he said, adding that the benefits could extend beyond China, particularly to emerging markets that could adopt cheaper Chinese AI models.
China's strength in advanced manufacturing has also become increasingly evident, said Robin Xing, chief China economist at Morgan Stanley, pointing to China's roughly half share of global installed new energy storage capacity and the rapid growth in outbound licensing deals for innovative drugs. These trends, he said, underpin the long-term investment case for China's hard-tech sector and leading manufacturers.
These strengths are increasingly being reflected in foreign investors' allocation decisions. This year, Goldman Sachs has twice raised its 12-month target for the CSI 300 on improving earnings momentum, and retained an overweight view on Chinese equities.
Kinger Lau, chief China equity strategist for Goldman Sachs Research, said the bank's positive view reflected improving earnings momentum, favorable macroeconomic and liquidity conditions. A-share equities offered international investors diversification benefits that remained underappreciated, along with attractive exposure to hard-tech and AI themes, he added.
Individual companies are drawing overseas interest too.
ChangXin Memory Technologies surged 465.82 percent on its debut on Shanghai's STAR Market last month, reaching a market capitalization of more than 3.2 trillion yuan (about 471.28 billion U.S. dollars).
U.S.-based Tema ETFs made the chipmaker a top holding at a 10.56 percent weight on its debut day, while MSCI officially added it to its China All Shares Index on Monday under a fast-track rule for large IPOs.
Robotics is where the enthusiasm is most visible. Unitree, set to become China's first mainland-listed humanoid robot maker, priced its Shanghai IPO at 150.8 yuan a share, representing 10 percent of its post-offering share capital. The offering is expected to raise about 6.1 billion yuan in gross proceeds.
That optimism, however, exists alongside broader economic pressures. Nathan Chow, senior economist at DBS Bank, said the imbalance between relatively strong supply and weak demand remained pronounced, with household consumption and some companies' profitability still under pressure.
Investment in infrastructure could help offset the weakness in private investment in the near term, while lowering logistics and energy costs and improving the efficiency of resource allocation over the longer term, Chow said. It could also strengthen supply chains and reduce the economy's exposure to external shocks and geopolitical risks, he added.
The implementation of policy measures would be key to sustaining the recovery in the second half of this year, analysts noted.
Economic management requires both easing the brakes and stepping on the accelerator, said Song Yu, chief China economist at UBS Securities, adding that faster fiscal spending and the use of bond proceeds, additional policy support and better coordination between fiscal and financial policies are needed, alongside measures to remove barriers to household consumption and improve the business environment.
"With stronger policy support and measures taking effect, China's economy is expected to maintain a steady recovery in the second half of the year," Chow said.
。    你相信吗？外国人都开始抢中国房子了。

二 | 老外网购中国手机、家电并不稀奇，但最近，他们疯抢的中国货竟是“中国预制房”。最近，一对美国夫妇的YouTube开箱视频爆火：他们海淘一套70平方米的中国折叠精装房，房款仅15800美元，折合不到12万元人民币，加上海运费、安装费，整套房落地总价不到2.9万美元。视频中，房子到货后实现一天装完、当天入住。这条视频播放量超过300万，各国网友在评论区纷纷求链接。如今，在YouTube搜索“Alibaba House”，已经形成一整个内容品类，满屏都是外国客商开箱、组装、测评“中国预制房”的视频，网友评论也十分有意思：“感谢中国为我们提供负担得起的住房”“住房可以贴近更多人的想法”……这些房子来自哪里？答案让人意外：多数来自中国省衡水市的小县城。美国夫妇的这套70平方米折叠房出自武邑县合十集成房屋有限公司，老板付成是93年小伙，创业三年卖出3000多套集成房屋，2025年销售额接近2100万美元。

三 | 像付成一样的卖家，在衡水阜城、武邑一带还有很多，他们几乎都已入驻跨境平台，正把房子当标准工业品卖向全球。房子是大件，老外凭什么敢下单？付成的办法也很硬核：老外质疑承重，他拉全厂70多个工人站上屋顶蹦跳，实拍视频发过去；客商担心漏水，他就开高压水枪冲屋顶半小时，全程直播验房。他们的产品对标欧美标准，加上独创折叠结构，单套海运成本降了近四成。靠这份专业，付成还拿下2034年沙特世界杯约800万美元订单，供应2500套住房加1000套厕所，客户是沙特第一大建设公司。这次，中国人拿下订单靠的不是低价，是专业度。销售这样的房子，在甚至中国并非新鲜事。衡水阜城、武邑一带发展县域特色产业，已形成北方核心集成房屋产业基地，实现钢材加工、墙板生产全产业链整合。

四 | 2022年，在全国率先启动装配式农房试点，农村100平方米房精装入住只需要不到20万元。如今老外网购的“中国预制房”，其实是迭代升级后的智能集成房屋：保温墙体、水电管线、厨卫精装到结构安全传感器，90%工序在车间流水线完成，精度达到毫米级，能满足抗飓风、防渗漏的欧美标准。为什么美国人要从中国买“预制房屋”？据了解，美国建筑行业每月劳动力缺口高达25万，自建房成本5年内涨了三四成，一套房从开工到入住要等一两年。而“中国预制房”30天生产、50天海运、1天安装完工，中国速度加上中国质量，精准对接海外住房缺口。外交部发言人毛宁也在社交平台点赞：“欢迎入住中国制造的家”。当初拍开箱视频的美国夫妇，现在也从买家逆袭成了中国预制房经销商。

五 | 这事最值得琢磨的，远不止卖了多少套房。十几年前中国发展装配式建筑还要出国取经，如今中国模块化建筑已落地英国养老公寓、巴布亚新几内亚保障房；从前中国出口低端小商品赚薄利，现在中国出口整套居住方案、整套建造体系，靠全产业链代差优势打开全球市场。

六 | 数据显示，2026年前5个月，中国移动房屋类产品出口23.24亿美元，同比暴涨47.9%。仅阜城一县，今年前4个月预制建筑出口就同比增长148.6%。从出口工地板房到出口整套“家”，从对接工程商到服务全球普通消费者，“中国预制房”海外疯抢的背后，是中国制造出海的又一次升级，也是中国县域特色产业对接全球需求的全新增长赛道。总监制：王丽平策划：张霰 耿佳文案：耿佳 张淼涵（实习）摄像：冯硕制作：卜洋。

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Published on:15:18:24