日债也在同一天遭遇历史性抛售，日本30年期国债收益率上升超30个基点至3.915%，日本40年期国债 收益率更是触及4%的心理关口，上升29个基点至4.231%，这也是日本主权债券30余年来首度迈入"4时 代"。 德国、法国等主要经济体长债收益率同步跃升。 有分析指出，此次全球债市震荡是由美国威胁对欧洲加征新一轮关税、美国财政可持续性担忧以及美债 避险地位的动摇等因素引发的。 近年来，发达国家债务问题在财政纪律松弛与政治博弈僵局共同作用下愈演愈烈。据国际金融协会 （IIF）数据，截至2025年9月全球债务总额达345.7万亿美元，为全球国内生产总值（GDP）的3.1倍， 其中发达市场未偿债务增至230.6万亿美元的历史峰值。美国联邦债务已逼近39万亿美元，据美国国会 预算办公室（CBO）测算，美国财政赤字将从2025年的1.9万亿美元扩大至2035年的2.5万亿美元。美国 净利息支出占GDP的比重预计从2025年的3.2%增长至2035年的4.1%。 发达经济体的债务困境源于多重矛盾 一方面长期依赖债务驱动增长，形成"借新还旧"路径依赖；另一方面，人口老龄化推高福利支出。如欧 盟国家社保支出占GDP比重在迅速 ...

Group 1 - Guangzhou has launched over 4,000 investment projects exceeding 100 million yuan, promoting the digital transformation of 5,300 industrial enterprises [1] - The city aims to establish a modern industrial system characterized by advanced manufacturing, with a focus on the "12218" framework during the 14th Five-Year Plan [1] - The Zeiss Optical Manufacturing Base in Huangpu District was recognized as a global lighthouse factory, marking a significant achievement in the optical lens industry [1] Group 2 - Guangzhou's industrial sector is evolving towards new strengths, with 33 enterprises recognized as national-level 5G factories and 4 as global lighthouse factories [1] - The city has established an artificial intelligence public computing power center and nurtured 12 AI application empowerment centers, ranking third in the country for AI model registrations [1] - Huangpu District plans to develop a 10 square kilometer smart connected vehicle industrial park, while Haizhu District has set up a district-level AI development bureau, positioning itself as a key AI industrial cluster [2]

岁末年初，国内外各大研究机构密集发布了2026年中国经济展望报告，尽管对增长数字的预判上存有差 异，但都不约而同地指向了一个核心判断，"在结构分化下温和修复，中国经济增长的确定性和可持续 性不断增强"。 这是一个承前启后与深度转型的年份，传统增长引擎调整与新动能崛起深度交织，发展的战略机遇和风 险挑战并存。这也是一个动能转换与信心重建的年份，从"有没有"转向"好不好"，把"不可能"变成"一 定能"，为未来5年中国经济擘画蓝图，也为世界增长提供"机遇清单"。 变"大写意"为"工笔画" "'十五五'规划将是我们每个人的底气"——如果用一句话概括"十五五"规划，这可能是最为精恰的表达 了。曾有西方国家领导人到访中国时感叹，"我对中国最好奇的，就是你们的五年规划"。其实，他的好 奇里，正藏着中国经济社会持续发展的密码。 有机构调查显示，中国的五年规划编制是近一个时期以来最热门的话题之一。中国经济持续多年的稳健 增长，超大规模市场优势、完整的产业链供应链能力以及中国的发展模式与经验，吸引了海外学者们的 广泛关注。 一部发展史，也是一部规划史。新中国成立以来，除1950年至1952年国民经济恢复期、1963年至1965年 ...

韩国总统府青瓦台表示尚未收到美方正式通报以及相关说明。 据美国哥伦比亚广播公司(CBS)报道，当地时间26日，美国总统特朗普在社交媒体上表示，由于韩国国 会未批准并落实此前与美国达成的贸易协议，美方将提高对韩国商品征收的关税税率。 特朗普称，韩国立法机构"未能履行与美国达成的协议"，称该协议是其与韩国总统李在明于2025年7月 30日达成，并在其2025年10月29日访韩时再次确认。 特朗普表示，鉴于韩国方面尚未通过该项"具有历史意义的贸易协议"，他已决定将对韩国汽车、木材、 药品以及其他"对等关税"的税率从15%提高至25%。 根据此前协议，韩国将向美国提供3500亿美元，用于由美方拥有并控制的投资项目。此外，韩国还将采 购价值1000亿美元的液化天然气或其他能源产品，并承诺再投资一笔大额资金，用于其本国投资目的。 韩方回应：将开会讨论 据报道，韩国政府将于27日上午召开相关政府部门会议研究对策。此外，正在加拿大访问的韩国产业通 商部部长金正官计划近期前往美国，与美国商务部长卢特尼克展开磋商。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 ...

双向投资展现新活力。2025年，我国对共建"一带一路"国家非金融类直接投资2833.6亿元，增长了 18%；共建"一带一路"国家对华直接投资1168.1亿元，增长了1.9%。合作领域不断拓宽，与共建"一带一 路"国家新签18份产供链合作、数字经济、绿色矿产等合作文件，中国马来西亚、中国印尼"两国双 园"合作积极推进。 国新办1月26日举行新闻发布会，介绍2025年商务工作及运行情况。商务部副部长鄢东介绍，过去一 年，中国与共建"一带一路"国家一道，推动"一带一路"经贸合作走深走实，为建设开放型世界经济、推 动构建人类命运共同体作出了积极贡献。 贸易合作展现新亮点。2025年，我国与共建"一带一路"国家货物贸易额达到23.6万亿元，同比增长 6.3%，快于整体贸易增速2.5个百分点，占比提升至51.9%。从结构看，我国对共建"一带一路"国家电子 元件、机械设备等产品出口，以及计算机及零部件等产品进口增势良好，助力共建"一带一路"国家提高 产业发展水平。 项目建设展现新成效。2025年，我国在共建"一带一路"国家承包工程完成营业额1.1万亿元，增长 9.6%。中欧班列全年开行超过2万列，中吉乌铁路、匈塞铁路等项目 ...

当前，大国关系牵动国际形势，国际形势演变深刻影响国内发展。在战略机遇和风险挑战并存、不确定 难预料因素增多的时期，我国以何赢得战略主动？ "要胸怀全局、登高望远，在战略上保持定力，在战术上精心运筹，不断增强我国发展的确定性和可持 续性。"在"十五五"开局之年的"第一课"上，习近平总书记从战略与战术、定力与运筹的辩证关系，指 明发展的关键。 有必胜的信心，才能在战略上保持该有的定力。 这样的信心，来自于对大势大格局的基本判断——我国经济基础稳、优势多、韧性强、潜能大，长期向 好的支撑条件和基本趋势没有变，中国特色社会主义制度优势、超大规模市场优势、完整产业体系优 势、丰富人才资源优势更加彰显。 这样的信心，来自锚定目标、接续奋斗的勇毅登攀——"十四五"时期，中国经济总量先后突破110万亿 元、120万亿元、130万亿元、140万亿元，实现"四连跳"，经济实力、科技实力、综合国力跃上新台 阶，为向下一程的目标迈进提供了坚实基础。 这样的信心，更来自以习近平同志为核心的党中央的坚强领导——在"十四五"时期顶压前行的跋涉中， 以习近平同志为核心的党中央审慎决断、果敢决策、果断出手，团结带领全党全国各族人民走自己的 路 ...

地区生产总值过万亿元不仅是城市发展的重要里程碑，也越来越成为参与更高层次竞争的"入场券"。未 来的城市竞争，将不再是经济规模的简单比拼，更是城市核心竞争力的全面锻造。 随着浙江温州、辽宁大连相继宣布2025年地区生产总值突破万亿元，我国"万亿GDP"城市迎来新一轮扩 容，总数增至29个。其中，温州实现地区生产总值10213.9亿元，成为浙江省继杭州、宁波之后第3 个"万亿之城"。大连实现地区生产总值10002.1亿元，成为东北地区首个"万亿GDP"城市。 "万亿之城"不断扩容，是区域发展格局优化、城市能级跃升的生动写照，进一步夯实了中国经济高质量 发展的"底座"。 从2006年上海地区生产总值率先突破万亿元，到如今29座城市星罗棋布，"万亿之城"从"点的突破"发展 为"面的铺开"，充分印证了我国区域协调发展的重要成效。特别是大连成为东北地区首个"万亿之城"， 四大经济板块实现了全覆盖。 在不断扩容的"万亿之城"中，既有上海、北京这样的全球城市，引领前沿创新；也有东莞、温州这样的 制造强市，做强实体经济根基；还有大连这样的区域龙头，肩负振兴使命。29座城市走出了各具特色的 发展道路，表明不同类型的城市都能依托自 ...

Core Insights - The expansion of "trillion GDP" cities in China reflects the optimization of regional development patterns and the elevation of urban capabilities, with the total number of such cities increasing to 29 [1] - Wenzhou and Dalian have recently joined the ranks of "trillion GDP" cities, with Wenzhou achieving a GDP of 10,213.9 billion and Dalian reaching 10,002.1 billion, marking significant milestones for their respective regions [1] - The emergence of these cities illustrates the effectiveness of China's coordinated regional development, showcasing diverse paths to high-quality growth [1] Economic Development - The rise of "trillion GDP" cities is not just a numerical milestone but also a ticket to higher-level competition, emphasizing the need for cities to enhance their core competitiveness beyond mere economic scale [2] - Future urban competition will focus on multi-dimensional development, including technological innovation, high-end resource allocation, cultural soft power, and livability [2] - Major cities like Beijing and Shanghai aim for global influence, while others like Chengdu and Wuhan target GDPs of 30 trillion, indicating a shift in competitive benchmarks [2] Regional Collaboration - Urban competition is transitioning from individual city races to regional collaboration, with metropolitan areas becoming key spaces for development [3] - Successful cities will be those that can integrate regional resources and play critical roles within urban clusters, moving from a "siphoning" model to one that radiates benefits to larger areas [3] - The current phase of urban development in China is crucial, as cities must adopt a mindset of "beyond GDP" to become exemplars of high-quality growth and regional coordination [3]

Core Insights - The city of Kunshan, which does not produce coffee beans, is rapidly developing a coffee industry chain worth billions, leveraging efficient trade and logistics to bring coffee beans from Africa and South America to the Chinese market [1] - The establishment of the Asia-Pacific Coffee Green Bean Distribution Center in Kunshan is a key infrastructure development that supports the coffee industry [2] - The local customs have implemented streamlined processes for coffee bean imports, significantly improving efficiency and reducing costs for businesses [3] Group 1: Industry Development - Kunshan has transformed from not producing coffee beans to handling approximately 60% of the national coffee green bean roasting volume, establishing a complete coffee industry chain [1] - The city has attracted over a hundred leading coffee companies, covering the entire coffee industry chain from trade distribution to brand sales and equipment manufacturing [1] Group 2: Infrastructure and Efficiency - The Asia-Pacific Coffee Green Bean Distribution Center features advanced facilities that maintain optimal conditions for coffee beans, with 90% of imported beans undergoing "arrival inspection" [2] - The customs have reduced the inspection time for imported coffee beans by two-thirds and eliminated the need for re-inspection certificates for transshipment [2] - Overall customs efficiency has improved by approximately 50%, with a 75% reduction in declaration costs and a 20% decrease in logistics costs for companies [2] Group 3: Regulatory Support - The customs have optimized the regulatory framework for coffee bean imports, achieving over 90% of beans being processed with "arrival reporting and inspection" [3] - The local customs have provided support for the first import of Burundian coffee beans, expanding the sources of coffee raw materials in China [3] - By enhancing the customs experience and providing policy support, Kunshan aims to attract more production factors and promote the development of a robust coffee industry ecosystem [3]

Core Insights - The potato in Dingxi City has undergone various roles such as "lifesaving potato," "food security potato," "poverty alleviation potato," and "revitalization potato," highlighting the city's ability to adapt to different developmental stages [1] - Dingxi has effectively understood and leveraged natural and industrial laws to overcome poverty and stimulate industry vitality, transitioning from the "potato project" to becoming "China's Potato Capital" [1] - The city has developed a comprehensive potato industry chain, addressing growth bottlenecks by focusing on high-value products like disease-free seed potatoes and processed foods [1][2] Group 1 - The potato is not the highest value crop but is the most suitable for Dingxi, which has maintained industry vitality by understanding developmental laws [1] - Dingxi's harsh natural conditions have led to a deep understanding of these conditions, allowing the city to find the right industrial direction and ultimately escape poverty [1] - The city has a foundational potato industry of 3 million acres, which is crucial for addressing growth limitations and enhancing the industry's value [1] Group 2 - Dingxi's potato industry has formed a complete development pattern covering breeding, planting, processing, and sales, ensuring a diverse product supply [2] - The national potato planting area of approximately 70 million acres represents a vast market for disease-free seed potatoes, aligning with changing consumer trends towards high-quality agricultural products [2] - The increasing demand for specialty agricultural products and leisure foods has helped elevate the brand and reputation of Dingxi's processed potato products [2]