彭博推送 | AI 伴随着资本市场，特朗普推出什么政策？
Philip Glamann，彭博记者，坐标北京。
大家好，译者 Jingyi，这篇是本人尝试做总结的翻译方法，也是提升效率的尝试。结果显示，不少地方出现主被动相反，一些意思主语指代模糊，词汇量有限制等，各种功力不足的地方。以后，还将进一步改进。
1.AI DeepSeek 不仅仅刺激了重新思考这个议题：中国和美国在哪些问题上竞争？这也点燃了希望，即希望亚洲科技巨头将起飞，就像美国同行一样。
这周，其他公司已然将其股价调高。阿里巴巴股价有上升（jumped, 20250219 更正，之前翻译成“下降”），报告称，公司 AI 部分将会与 Apple 合作。获得彭博更多资讯。
阿里最新机型（latest models，20250219 原来翻译成“模型”）表现很好，至少在全球标准如此，人们相信其在美国可成为 Apple 有力的合作伙伴，这件事，使得 Apple 中国销量增加，而其对手华为早已使用 AI 作为智能手机的支撑。
再者，投资人将比亚迪调高，表示乐观，由于其将对同行 产生更多挑战（pose a greater challenge to peers 20250219 更正，原来翻译成“面临更大挑战”，主被动搞错了！），其同行包括诸如特斯拉这类企业，如果比亚迪打算涉猎智能驾驶，涉猎 AI。而 AI 能应用的事情很多，诸如自动停车。评注：确实比自动驾驶要安全得多。
任何中国技术股票复兴，对这些公司都有利，这些公司挣扎许久，由于国内消费市场疲弱，竞争又剧烈。政府也将会见证，更高的股价，促进公开资本注入。
负面观点：AI 是新技术，没有人确认，人类将如何使用？更不用说几年之后了。此外，最新方法必然会惊艳，随着这些模型不断发展。还记得全世界都试图了解 DeepSeek 的那天吗（Remember the day the world learned about DeepSeek 20250219 更正，这样翻译更好。）？这个新闻颠覆了大量假设（upend a slew of assumptions，20250219 更正，之前混淆了“upend”和“uphold”）。关于美国 AI 领域领先地位，尽管专家们仍然挖掘这些模型的成本，技术使得人们时间紧迫，以及对中国电力市场的影响。
upended the assumption 颠覆了假设
Without further ado 即刻资讯
2.资本市场 中国暗示，资本市场算是见底了，恒大集团（Evergrande）违约 4 年后，为房地产危机埋下伏笔。
深圳总部的万科（Vanke 20250219 更正，之前翻译成“凡客”，居然毫无违和感），接管运营控制权，今年融资 68 亿美元（20250219 更正，之前意思完全不对！）。
官方空前发明新方法来提振市场信心。官方认为，万科若是违约，影响较大。可能会影响房地产市场信心，这时候人们不免提问一句，谁将是下一个？
相反，万科处理好了，就是转折契机。他们总是面临，消费者消费不足，致使门店近几年销售受挫。
ravage 破坏，暴力
负面观点：资本市场大量负面信号，国际信贷资本失去耐心。重组交易，中国投资者聚集到香港市场也是有可能。国家主席也是有偏好的，希望先进产业而非资本。
3.软实力 特朗普重新选举，刺激更广泛的关注，特别在中国。第一任期时候的“糟糕”日子，可能再次重演。很多人回想起具有破坏性的贸易战，以及更加粗放的时期，产生很多针锋相对的事件，例如，关闭领事馆。
tit-for-tat 针锋相对
特朗普并不特别关注亚洲，但是对中国全面征收 10%。但是，中国表示，没能阻止芬太尼出口。
特朗普获的想法总是能博取众人眼球，例如，让美国掌管格林兰和巴拿马。关闭了国外援助，试图关闭教育部。
中国越发觉得自己在世界扮演重要作用，同时，美国地位是受到威胁的。
特朗普一些做法，对中国有利，因为全世界都有吃不饱的人，例如，巴勒斯坦人，富国对他们并不好。毕竟，人们认为，中国在很多发展中国家，建造高速公路、堤坝、机场。而美国的营养帮助是减少的。
负面观点：特朗普一个月内就职，因此有的是时间等着中国发声。确实，促使他平衡好和中国关系，鉴于其以来出口来提振经济。去年贸易盈余达到历史值。
还有迹象显示，中美摩擦是长期问题，主要聚焦于南海问题。本周，美国和菲律宾高层谈话，关于扩展共同合作的方式，这是针对中国的举措。
这些新闻重点，底线提升了，虽然证据不足。AI 并未创造上千个工作，中国人也没买更多房屋。诸多国家仍然不确定中国的紧张来源，也不清楚中国能变现美国多少，主要关于全球警察身份。时间还会证实，多少老问题再次被重新谈论。
原文Hi, this is Philip Glamann in Beijing, where China has scored a handful of much-needed wins this week.
Without further ado:
1. Artificial intelligence. DeepSeek has not only prompted a rethink about where China places in the race with the US, it has also sparked hopes that shares of the Asian nation’s big tech companies will take off, much like their American counterparts in recent years.
This week, advances by other companies sent their equities higher. Shares in Alibaba jumped on a report that the company’s AI offering would feature on Apple’s devices. Read our story about Alibaba, the new AI darling, here.
Alibaba’s latest models performed well in global benchmarks, and it could be a strong local partner for Apple, which is trying to revive sales in China as rivals like Huawei move ahead with AI-enabled smartphones.
Also, investors sent BYD’s stock advanced on optimism that it will pose a greater challenge to peers like Tesla through its smart-driving strategy, which incorporates elements of AI to do things like help park a car.
Any renaissance in Chinese tech stocks would be a welcome boost for the companies, which have struggled due to weak domestic consumption and intense competition. The government would also love to see rising equities boost the public’s sense of wealth.
Devil’s advocate: AI is new tech and no one is sure how humanity will be using it in the near term, let alone years from now. Also, its very newness means there are bound to be surprises as it is developed. Remember the day the world learned about DeepSeek? That news upended a slew of assumptions about the US’s lead in AI, though experts are still digging into how much the model costs, the tech that makes it tick and the implications for China’s electricity consumption.
2. The property market. China’s ruling Communist Party has signaled it may be time to put a floor under the property crisis after four years of standing by as developers like Evergrande slid into default. Read our story about those efforts here.
Authorities from Vanke’s hometown of Shenzhen have stepped in to take operational control, and officials are apparently working on a proposal to help Vanke plug a funding gap of about $6.8 billion this year.
This is unprecedented in tervention by officials, triggering some relief in markets. One big reason the government is stepping in seems to be that a default by Vanke would have had pretty harsh consequences, possibly eroding confidence in state-controlled real estate firms, hammering new sales volumes and raising a dark question: Who’s next?
Still, if the government handles the Vanke situation well, it could prove a turning point for growth. The economy has struggled with weak consumer spending because a key store of people’s wealth – their homes – has been ravaged in recent years.
Devil’s advocate: There are abundant signs of trouble in China’s property market: a revival of home sales has petered out, international creditors are losing patience so debt restructuring deals are unraveling and Chinese buyers are pulling back in Hong Kong. Read about the property mess here.
If these issues aren’t resolved soon, President Xi Jinping’s hopes that advanced tech, rather than property, can underpin future growth will be imperiled.
3. Soft power. Trump’s reelection prompted broad concern in China that the bad old days of his first term may return. Many people recalled a damaging trade war and wild episodes like the tit-for-tat closure of consulates rattling markets.
Thing is, early on Trump doesn’t seem to be focused on the Asian nation. He did impose across-the-board 10% tariffs on all shipments from China, indicating that this was due to Beijing allegedly failing to curb the export of fentanyl and its precursor chemicals. Read why fentanyl is at the center of the US-China trade fight here and listen to a podcast on China’s muted response to Trump’s tariffs here.
Instead, Trump has grabbed attention for his Gaza “riviera” idea and suggestions that the US take control of Green land and Panama. He’s also moved to axe foreign aid programs and said the Education Department should be shut.
For some in Beijing, this lends credence to their argument that their nation is the more responsible player on the world stage, while the US is a declining power that needs to come to terms with its reduced circumstances. Read our story on Trump giving Xi a chance to repair China’s image here.
Some of Trump’s views will also boost China’s claim that it is the true champion of poor people around the world, like the Palestinians, who get mistreated by rich countries. After all, the thinking goes, Beijing is building highways, dams and airports in developing nations, while Washington will no longer provide crucial medicines and nutritional help.Devil’s advocate: Trump is less than a month into his four-year term so there’s plenty of time for ties with China to explode. That’sespecially true given his push to rebalance trade relations and China’s reliance on exports to boost its economy, pushing its trade surplus last year to a record.
There are also signs that friction between the US and Ch ina over a longstanding issue, sway in the South China Sea, remain intact. This week top US and Philippine generals talked about ways to expand their joint exercises, a move aimed at countering China.
The common denominator to all three of these points is that they improve sentiment to some degree, though not so much facts on the ground. AI isn’t creating thousands of jobs just yet, and people in China aren’t buying more homes. Plenty of countries remain suspicious of Beijing’s intentions, and it’s as yet unclear how much China will actually capitalize on the US reining in aspects of its global role. Time will tell how these early shifts in sentiment shake out.
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