受地缘政治紧张局势加剧、市场供需紧张及避险需求推动，国际市场黄金期货和现货价格2025年底均创 历史新高。2025年，国际金价累计涨幅超过70%。金价狂飙的背后，以美元为中心的国际货币体系正在 动摇，美元信用正在削弱，此外还有AI产业推进带来的需求。本报邀请中国现代国际关系研究院研究 员陈凤英和中国国际经济交流中心学术委员会副主任陈文玲进行解读。 让人想起"尼克松冲击" 2025年这一轮国际金价上涨可以说走出了"史诗级行情"，从年初的2600美元/盎司到年底的4500美元/盎 司，现货黄金全年50次刷新历史纪录 【观察】 在多重因素推动下，国际金价在2025年屡创新高，尤其年底更是频频刷新纪录，全年累计涨幅约七成， 创下自1979年以来最强的年度表现。 国际黄金的首轮牛市始于美国前总统尼克松放弃金本位制并瓦解布雷顿森林货币体系之时。随着尼克松 政府着手扩大美国联邦赤字，通胀率飙升，再叠加两次石油价格冲击的影响，黄金价格从1971年8月的 每盎司35美元一路冲高，于1980年1月触及每盎司835美元的峰值。 "乱世黄金"再次得到验证 "乱世"不一定是战争，也可以是无序。世界正处于百年未有之大变局，也是大乱局，变 ...

Core Viewpoint - The 2026 National Foreign Exchange Management Work Conference highlighted the achievements and future goals of foreign exchange management in China, focusing on supporting new trade formats and enhancing the regulatory framework for foreign exchange activities [1] Group 1: Achievements in 2025 - In 2025, over 1 billion online cross-border e-commerce foreign exchange transactions were processed, serving more than 1.8 million small and micro enterprises [1] - The foreign exchange management department strengthened policy integration and market construction, achieving historical highs in foreign exchange market transaction volume and corporate foreign exchange hedging ratios [1] - Banks processed foreign exchange transactions worth $440 billion based on customer instructions throughout the year [1] Group 2: Goals for 2026 - The foreign exchange management work in 2026 aims to better balance development and security, creating a more convenient, open, secure, and intelligent foreign exchange management system [1] - The focus will be on deepening reforms and high-level opening in the foreign exchange sector, effectively meeting the foreign exchange needs of various entities while mitigating external risks [1] - There will be an emphasis on enhancing supervision during and after transactions to foster a foreign exchange policy environment that is both flexible and well-regulated, contributing to the successful start of the 14th Five-Year Plan [1]

Core Viewpoint - The Ministry of Finance and the Ministry of Transport have initiated a pilot program to support green and low-carbon development in highway projects through government procurement, aiming for significant progress by 2028 [1] Group 1: Pilot Program Details - The pilot program will select a number of highway projects with a solid foundation for green development to promote the application of new materials, technologies, processes, and methods [1] - The pilot will cover various levels of highways, including national, provincial, county, and rural roads, and can include projects at different stages such as planning, feasibility studies, design, bidding, construction, operation, and maintenance [1] - The duration of the pilot program is set for three years [1] Group 2: Goals and Requirements - By 2028, the pilot program aims to establish a government procurement demand standard that supports green and low-carbon development in the highway sector, along with improved policies and mechanisms [1] - The responsible organizations and implementing units are required to strengthen the oversight of the pilot tasks to ensure progress and quality in the completion of the projects [1]

日本爱知国际体育馆外景。 中国网球选手郑钦文在比赛中。 亚洲沙滩运动会 4月22日-4月30日 乒乓球团体世锦赛 4月28日-5月10日 羽毛球汤尤杯 4月24日-5月3日 斯诺克世锦赛 4月18日-5月4日 5月 跳水世界杯总决赛 5月1日-5月3日 法网 5月24日-6月7日 6月 男足世界杯 6月11日-7月19日 温网 6月29日-7月12日 7月 射击世界杯 7月20日-7月29日 世界击剑锦标赛 7月21日-7月30日 8月 羽毛球世锦赛 8月17日-8月23日 美网 8月30日-9月13日 女排亚锦赛 8月21日-8月30日 9月 名古屋亚运会 9月19日—10月4日 女篮世界杯 9月4日-9月13日 中网 9月30日—10月11日 10月 达喀尔膏奥会 10月31日-11月13日 体操世锦赛 10月17日-10月25日 举重世锦赛 10月27日-11月8日 上海网球大师赛 10月7日-10月18日 11月 2026年，世界体坛再次进入"大赛时间"。从冬奥会、世界杯、亚运会，到各个项目世锦赛、世界杯等，全球体育 盛宴不断，新一轮的竞技版图正在铺陈。 意大利米兰冬奥会将于今年2月6日至22日举行。 ...

Core Viewpoint - The 10th Beijing International Art Biennale, held in early 2026, showcases nearly 600 contemporary artworks from around 120 countries, focusing on themes of peace, ecological civilization, and technological ethics, telling stories of Beijing, China, and the world [4]. Group 1: Exhibition Overview - The biennale features a theme of "Symbiosis," structured as a combination of thematic exhibitions, special exhibitions, and country exhibitions, presenting a diverse range of art forms including traditional and contemporary styles [5]. - The exhibition includes works that reflect artists' thoughts on "symbiosis," such as Zhang Minjie's print "Melody of Peace," which juxtaposes Greek and Chinese sculptures [5][6]. Group 2: Digital Art Focus - This year's biennale emphasizes technological advancements by incorporating digital, installation, and new media art, showcasing global artists' explorations in the digital age [7]. - The "Human Intelligence Symbiosis: Digital Art Special Exhibition" features over 50 artists using AI art, interactive installations, and immersive imagery, creating a multidimensional "conceptual experimental field" [7][8]. Group 3: Cultural Integration - The "International Contemporary Ink Art Special Exhibition" presents around 50 artists blending traditional ink techniques with modern media, highlighting the cultural inclusivity and innovation of ink art [8][9]. - The biennale aims to modernize and transform traditional cultural practices into contemporary artistic innovations, addressing challenges faced by both Chinese and global art [9]. Group 4: Community Engagement - The biennale includes a New Year's Eve event where children and artists create art together, enhancing community involvement and cultural exchange [10]. - The introduction of the "Biennale Art Market" offers a blend of dining, cultural products, and lifestyle experiences, promoting the integration of culture, commerce, tourism, and exhibitions [10]. Group 5: Historical Significance - Established in 2002, the Beijing International Art Biennale has connected over 150 countries and regions, becoming a significant platform for international art exchange and showcasing the diversity of human civilization [10][11]. - The biennale has evolved into a well-known brand in the international art community, attracting both general audiences and professionals with its rich content and diverse artistic forms [11].

1月1日，新一代数字人民币计量框架、管理体系、运行机制和生态体系正式启动实施，数字人民币迎来 了2.0版。 市民在北京乘坐滴滴青桔单车后，使用数字人民币支付车费。靳安然摄 新版最大的变化在于数字人民币钱包中的余额可计付利息。这一变化意味着数字人民币从数字现金升级 为数字存款货币，数字人民币钱包里的钱可以像活期存款一样产生利息了。 专家表示，这将有助于提高用户使用数字人民币的意愿，也将拓展数字人民币的使用场景，并进一步巩 固中国在全球央行数字货币探索中的领先地位。 不仅可付息，更是生态体系全面调整 在总结十年研发试点经验基础上，中国人民银行于近日出台《关于进一步加强数字人民币管理服务体系 和相关金融基础设施建设的行动方案》（以下简称《行动方案》），数字人民币迎来升级。 升级后的数字人民币，有哪些变化？ 最直观的变化是数字人民币可以付息了。《行动方案》明确，银行机构为客户实名数字人民币钱包余额 计付利息，遵守存款利率定价自律约定。 工商银行、农业银行、建设银行、中国银行、邮储银行、交通银行在2025年12月31日相继发布公告，将 开立在该行的数字人民币实名钱包余额按照银行活期存款挂牌利率计付利息，计结息规则与活期 ...

Core Insights - The international gold prices are expected to reach historical highs by the end of 2025, driven by geopolitical tensions, market supply-demand imbalances, and increased safe-haven demand, with a cumulative increase of over 70% throughout the year [1][2]. Market Performance - Gold prices surged from $2,600 per ounce at the beginning of 2025 to $4,500 per ounce by the end of the year, marking a record-breaking 50 instances of new highs [2][3]. - The price fluctuations in 2025 can be categorized into several phases: 1. January to April saw a spike from $2,900 to $3,500 due to tariff fears. 2. April to August experienced a stabilization between $3,200 and $3,500 amid trade negotiations. 3. August to October saw prices exceed $3,800, reaching a peak of $4,200. 4. October to mid-December involved a technical correction due to profit-taking. 5. Mid-December to year-end saw prices surpass $4,500 due to multiple factors [3]. Geopolitical and Economic Factors - The rise in gold prices reflects a "multi-logical resonance," influenced by the long-term upward trend post-Bretton Woods collapse, traditional geopolitical risks, inflation hedging, and the impact of "de-dollarization" [3][8]. - The decline of the dollar's dominance is evident, with its share in global foreign exchange reserves dropping from 57.79% to 56.32% in 2025, marking a 30-year low [6]. Central Bank Actions - Central banks, particularly in emerging markets like China, India, and Russia, are increasing their gold reserves, indicating a shift towards diversification away from the dollar [8][12]. - Gold's share in global reserves reached 20% in 2024, surpassing the euro's 16%, and the total gold reserves held by central banks are nearing post-World War II highs [6]. Future Outlook - Analysts predict that gold prices may continue to rise, potentially reaching $5,000 per ounce by 2026, driven by ongoing geopolitical tensions and central bank demand [9][12]. - The anticipated continuation of low interest rates by the Federal Reserve in 2026 is expected to lower the opportunity cost of holding gold, further supporting its price [12].

1月2日，游客在cdf海口日月广场免税店内选购商品。苏弼坤摄（人民图片） 1月3日，骑行爱好者在海南环岛旅游公路琼海市潭门镇牛奶海路段骑行观光。蒙钟德摄（人民图片） 1月3日，"南海之梦"邮轮在三亚凤凰岛国际邮轮港起航。叶龙斌摄（人民图片） "我们将积极推动免税购物消费从'价格驱动'向'体验驱动'转型，借全岛封关运作新起点推出系列活动， 不断擦亮离岛免税'金字招牌'。"三亚国际免税城相关负责人说。 更加便利的免签入境政策，为入境旅游带来更好的发展机遇，带动入境游客数量、购物消费金额进一步 增加。截至2025年12月，共有86国人员可免签入境海南。去哪儿旅行数据显示，2026年元旦假期，海口 和三亚是全国入境机票预订量增长最快的两个城市，增幅同比分别超过3倍和5倍。马来西亚、韩国等成 为主要入境客源地，国际游客的持续涌入丰富了海南旅游客源结构，也让免税城迎来更多"洋面孔"。 1月2日，家长带着孩子在三亚南山文化旅游区合影留念。陈文武摄（人民图片） 免税城内，国潮新品上架售卖，离岛免税市场消费热度攀升；环岛公路沿线，古村驿站焕发光彩，海洋 主题民宿欢迎宾客到来；帆船港里，旅检大厅修葺一新，为船只人员进出往来提供便 ...

在气温持续走低的冬日里，"暖经济"成为一股消费热潮。去东北玩想穿得暖和，可以选择在当地租赁羽 绒服；想吃热乎乎的火锅，可以逛逛"涮肉美食节"；朋友聚会要温暖也要欢乐，泡温泉、做汗蒸成了不 少年轻人的心头好……冬季消费形式推陈出新，激发出别样活力。 穿得暖和，租得实惠 "本来还在纠结，买件什么样的羽绒服去东北合适。没想到，在网上发现有租羽绒服这种新服务，真是 太方便了。"元旦假期期间，张嘉和她的家人从广东省广州市来到黑龙江省哈尔滨市旅游，体验冰雪乐 趣。出发前，张嘉查了很多攻略，"在东北要穿多厚的衣服"是她最关心的问题之一。 "广东和东北温差太大了，特别怕孩子冻着。但一家四口人，要是把厚毛衣、长款羽绒服、羽绒裤、棉 鞋等都买全了，加起来最少也得大几千元，这些平时在广东穿不上，实在不划算。"张嘉觉得有些犹 豫，就在社交媒体上发帖咨询网友建议。很快有人留言告诉她，在哈尔滨有很多可以租赁羽绒服的店， 十分方便，能完美满足张嘉的需求。 "我上网一搜，还真不错。大人小孩的羽绒服都有，可以选择送到机场或者酒店。不仅能省下一笔钱， 我们也不用带大行李箱过去了。"张嘉开心地跟记者说。 2025年12月28日，游客在黑龙江哈尔滨 ...

Core Viewpoint - The Ministry of Commerce and nine other departments have jointly issued a notice to implement green consumption initiatives, aiming to promote green and low-carbon practices across various sectors, thereby injecting green momentum into high-quality economic and social development [2]. Group 1: Green Consumption Environment Optimization - The promotion of green consumption aligns with the trend of consumption upgrades and aims to cultivate new growth points in consumption [3]. - The green consumption market is expanding steadily, driven by the growth of green products such as electric vehicles and smart home appliances, although challenges like inconsistent standards and weak consumer awareness remain [3]. - The notice outlines 20 measures across seven areas to enhance green consumption throughout the entire supply chain [3]. Group 2: New Growth Points in Green Consumption - The initiative includes increasing the supply of green agricultural products, promoting energy-efficient appliances, and enhancing green service consumption [3]. - A green supply chain will be established, encouraging green procurement and innovative sharing models to promote efficient resource utilization [3]. - The plan also emphasizes reducing single-use plastics and promoting recycling of waste materials [3]. Group 3: Green Supply Chain Development - The initiative aims to leverage digital technology to drive the development of green supply chains, focusing on cost reduction and efficiency improvement [6]. - The standardization rate of pallets has reached 37.8%, with an estimated 50 million reusable pallets saving approximately 250 million single-use pallets, equivalent to protecting 50 million trees and reducing carbon emissions by over 2 million tons [6]. Group 4: Collaborative Efforts for Green Consumption - Promoting green consumption requires a collaborative effort from government, enterprises, and consumers [7]. - The Ministry of Agriculture and Rural Affairs is working to increase the supply of high-quality green agricultural products and enhance brand recognition [7]. - The Ministry of Ecology and Environment is focusing on transforming waste materials into valuable resources through initiatives like "zero waste cities" [7]. Group 5: Market Regulation and Standards - The State Administration for Market Regulation is advancing green consumption efforts by updating national standards and supporting international standardization activities [8]. - The administration is also enhancing energy and water efficiency labeling systems and promoting the "green dining" service on internet platforms [8]. - The Ministry of Commerce will guide local efforts in promoting green consumption and share successful practices to further expand green consumption [8].