China's real edge is not only innovation but the ability to scale it from a massive domestic market to the world, Gokul Laroia, CEO of Asia and co-head of Global Equities at Morgan Stanley, told Yicai in his first-ever TV interview with a Chinese media outlet during the Morgan Stanley China Summit 2026 in Shenzhen. With physical AI foundations already in place, transitioning humanoid robots from novelty to commercial success primarily requires a "leap of faith" in their scaling potential, he noted.