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共检索到 2 篇相关深度研报

Macro & Geopolitics · 2026年10月21日 · V-G Club Curator

The Engineering Reckoning: Huawei’s Software Hegemony Meets the Law of Large Numbers

An investigative autopsy of the October 2026 Maextro V800 brake fracture and the fatal Aito crash in Shenmu. We dissect the structural liabilities of Huawei’s HIMA model—where asset-light software claims credit while outsourced manufacturing absorbs the physical fallout.

Macro & Geopolitics · 2026年9月30日 · V-G Club Curator

The Dislocation of Fundamentals: Institutional Incentives and the Structural Imbalance of the Chinese Economy

An anatomical look at why China prioritizes production over consumption and hardware over ecosystems, tracing these distortions to the tax-sharing system, bank collateral preferences, and official evaluation cycles.