债券市场对外开放方面，截至10月末，境外机构在中国债券市场的托管余额3.8万亿元，占中国债券市 场托管余额的比重为1.9%。其中，境外机构在银行间债券市场的债券托管余额3.7万亿元；分券种看， 境外机构持有国债2.0万亿元、占比54.7%，同业存单0.8万亿元、占比20.9%，政策性银行债券0.8万亿 元、占比20.1%。 货币市场运行方面，10月份，银行间同业拆借市场成交6.8万亿元，同比减少19.0%，环比减少26.7%； 债券回购成交131.5万亿元，同比减少5.2%，环比减少17.8%。交易所标准券回购成交46.5万亿元，同比 增加9.8%，环比减少18.2%。10月份，同业拆借加权平均利率1.39%，环比下降6个基点；质押式回购加 权平均利率1.40%，环比下降6个基点。 (责编：岳弘彬、牛镛) 关注公众号：人民网财经 债券市场运行方面，10月份，银行间债券市场现券成交26.6万亿元，日均成交1.5万亿元，同比增加 10.2%，环比增加3.9%。单笔成交量在500万—5000万元的交易占总成交金额的48.06%，单笔成交量在 9000万元以上的交易占总成交金额的45.68%，单笔平均成交量4177. ...

Economic Overview - Japan's GDP contracted at an annual rate of 1.8% in Q3, marking a return to negative growth since Q1 2024 [1] - The economy faces multiple challenges including weak growth, high inflation, sluggish domestic demand, and declining exports [1][2] - The government has lowered its economic growth forecast for FY2025 from 1.2% to 0.7% due to the ongoing negative impact of U.S. tariffs [2] External Factors - U.S. tariffs have significantly affected Japan's exports, with a 1.2% decline in goods and services exports in Q3, contributing negatively to economic growth [2] - Japan has experienced a trade deficit for four consecutive months, with exports to the U.S. declining for seven months in a row [2] - In October, exports to the U.S. fell by 3.1%, particularly in the automotive and semiconductor sectors, with declines of 7.5% and 49.6% respectively [2] Internal Challenges - Real wages in Japan fell by 1.4% year-on-year in September, marking the ninth consecutive month of decline [3] - Core inflation rose to 3% in October, continuing a 50-month upward trend, which, combined with falling incomes, has weakened consumer confidence [3] - Personal consumption, which accounts for over half of Japan's economy, showed only a slight increase of 0.1% in Q3, down from 0.4% in Q2 [3] Government Response - The government announced a ¥21.3 trillion (approximately $135.4 billion) economic stimulus plan, representing nearly 3% of GDP, aimed at addressing rising prices and boosting investment in key sectors [6] - The plan includes a significant increase in general account spending, up 27% from the previous year, but has raised concerns about potential fiscal deterioration [6] - Critics argue that the stimulus lacks focus and may exacerbate inflation and government debt without addressing structural economic issues [6] Military Spending and Economic Impact - The government is increasing defense spending, with the defense budget projected to rise to 2% of GDP by FY2025, which may divert resources from economic growth [7][10] - The focus on military expansion is seen as a potential detriment to Japan's economic stability, as it may lead to increased tensions with neighboring countries [8][10] - Analysts warn that Japan's shift towards military spending could undermine its historical economic development model, which emphasized economic growth over military buildup [9][10] Diplomatic Relations - Recent provocative statements by the government regarding Taiwan have raised concerns about deteriorating relations with China, Japan's largest trading partner [8] - A decline in trade relations with China could significantly impact Japan's GDP, with estimates suggesting a potential loss of ¥2.2 trillion (approximately $14.5 billion) if Chinese tourist numbers drop [8] - The government's aggressive foreign policy may further complicate Japan's economic recovery and growth prospects [8][10]

Core Points - The establishment of the Confucius Institute at Magallanes University marks the southernmost Confucius Institute in the world and the fourth in Chile, reflecting a growing interest in Chinese language and culture in the region [1] - The initial classes began on November 19, with high demand leading to full enrollment of 60 students, prompting considerations for additional classes to meet local interest [1][2] - The collaboration between Beijing Language University and Magallanes University aims to integrate unique courses that combine Chinese language with polar research and marine science, fostering academic cooperation [3] Group 1 - The Confucius Institute is located in Punta Arenas, a key port city and gateway to Antarctica, enhancing cultural exchange and educational opportunities in the region [1][2] - Local students and faculty express a strong interest in learning Chinese, viewing it as a valuable skill for future career opportunities and cultural understanding [2] - The initiative is seen as a significant cultural milestone, promoting better service in the tourism sector, particularly for Chinese tourists visiting Antarctica [2] Group 2 - The partnership between the two universities aims to leverage their strengths, creating distinctive programs that facilitate research collaboration in cutting-edge fields [3]

Group 1 - China's outbound direct investment continues to grow steadily, solidifying its position as a major investor globally, despite a decline in global cross-border direct investment [1] - Chinese enterprises are distributed across 190 countries, with nearly half of the top 20 investment destinations in 2024 being developed countries [1] - Investment in countries participating in the Belt and Road Initiative reached 234.15 billion RMB in the first ten months of 2025, a year-on-year increase of 22.3% [1] Group 2 - The manufacturing sector saw its highest investment flow in 2024, increasing by 45.3% compared to 2020 [1] - The service industry, characterized by light assets, has flourished, with investments in logistics, R&D, business, and finance growing, extending the investment value chain [2] - In 2024, outbound investments contributed to $211 billion in goods exports, 1.2 times that of 2020 [2] Group 3 - Chinese outbound investments have improved infrastructure in host countries, enhancing employment and tax revenues, and accelerating their green and digital transformation [2] - In 2024, Chinese enterprises paid a total of $82.1 billion in various taxes to host countries, employing 5.021 million people, with 3.304 million being local employees [2] - The focus on localization in investment strategies is emphasized, aiming to enhance sustainable development capabilities in host countries [3]

Core Viewpoint - The article highlights the experiences of an Arab influencer, known as "Old Li," who has lived in China for 25 years and promotes Chinese products, particularly Haier's air conditioning units, through his social media platforms. His journey reflects the growing global interest in Chinese manufacturing and technology, especially in the home appliance sector. Group 1: Personal Experience and Background - "Old Li," originally from Egypt, has been living in China since he was 15 years old and has developed a deep appreciation for Chinese culture and products [5][7] - He has transitioned from studying international trade to becoming a self-media influencer, capturing the essence of Chinese life through short videos [7] - His family is proud of his work, and he aims to educate his audience in Arab countries about the advantages of Chinese products [7][8] Group 2: Promotion of Chinese Products - "Old Li" emphasizes the importance of air conditioning in his life, particularly highlighting the features of Haier's air conditioning units, such as low noise and AI technology [8][9] - He actively recommends Chinese home appliances to his family and friends in Arab countries, noting their availability and quality [8][9] Group 3: Insights into Haier's Manufacturing - The Haier Zhengzhou air conditioning interconnected factory has a production capacity of 4 million units annually, with a unit rolling off the line every 7 seconds during peak production [11] - The factory employs advanced automation and intelligent equipment to enhance production efficiency and energy savings, achieving a product first-pass rate of over 99.9% [11][12] - "Old Li" expresses admiration for the complexity and sophistication of the manufacturing process, indicating a strong understanding of why Chinese appliances are highly regarded globally [12]

世界上只有一个中国，大陆和台湾同属一个中国，这是不容篡改的历史和法理事实。坚持一个中国原 则，两岸关系就能改善发展，台海就和平稳定；背离一个中国原则，否认"九二共识"，台海形势就紧张 动荡，台湾民众利益福祉就会严重受损。 赖清德假借"民主"之名偷换"台独"之实，将"国家统一"污蔑扭曲为"并吞台湾"，恶意渲染战争威胁，狂 言将"坚定维护现状""维系区域和平稳定"，完全是颠倒黑白、倒打一耙。他竭力鼓吹"和平必须靠实 力""投资防务就是投资安全、投资和平"，无非是企图借此提高台湾地区防务预算，向外部势力献媚输 诚，乞求对方提供所谓"安全保证"。 赖清德声称明年台湾地区防务预算将占GDP比重超过3%，2030年前占比将提高至5%，以此"展现守护 台湾的决心"。他还在美国《华盛顿邮报》刊文，宣称将于近期提出400亿美元（约合1.25万亿元新台 币）特别预算案，用于向美方采购新型武器等。 台湾舆论痛批，防务预算无限膨胀，势必吞噬本应用于民生福祉的资源。岛内民众血汗钱本可用于发展 经济、改善民生，赖清德当局却任由外部势力予取予求，用来购买二手武器装备，投入毁台害台的无底 洞。为了一党一己之私，赖清德当局加速把台湾变成"火药 ...

在展览前言中，策展人周樱指出，展出作品是孩子们对生命的细微观察、好奇探寻和大胆想象，"他们 用独特的艺术语言描绘与生命有关的故事，呈现出生命的万千姿态"，期待和两岸暨港澳的少年儿童， 及各界观众一道，探寻"生命"的永恒主题。 本报台北11月30日电（记者江琳）台湾新北儿童笔下耆老眼中的生命、花莲儿童描绘的少数民族歌舞、 高雄儿童记录的哪吒三太子巡游，江苏儿童对宇宙奥秘的探索、重庆儿童呈现的丝路景观、新疆库尔勒 儿童对西北风貌的写生……第十六届海峡两岸少儿美术大展台北展日前在台湾艺术教育馆开幕，展出近 300幅来自海峡两岸、港澳地区及马来西亚青少年的美术作品。其中，约80幅来自宝岛，这也是本届大 展的收官展。 本届海峡两岸少儿美术大展以"生命万象"为主题，自5月底起，先后在福州、三明、厦门、北京、高 雄、台北等6地举办展览。展品从2万多幅画作中选出，主题涉及自然生态、人文关怀、未来想象等方 面，展览旨在展现青少年视角下的生命多样性及自然万物的相互联结。 本次海峡两岸少儿美术大展台北展将持续至12月3日。下一届大展的作品征集已经启动，主题为"信"。 (责编：李昉、孙竞) 图为展览现场。 本报记者 江 琳摄 除展示 ...

Core Insights - The global eVTOL (electric vertical takeoff and landing) aircraft industry is entering a commercialization explosion phase by 2025, with increasing international interest in advanced air mobility solutions [1] - EHang Intelligent Holding Limited, the only Chinese tech company invited to the eVTOL conference in Silicon Valley, showcased its flagship product, the EH216-S, which attracted attention from various industry representatives [1] Group 1 - The EH216-S, referred to as the "flying taxi," features a cabin and landing gear similar to a helicopter, powered by 16 small-diameter rotors located around the cabin's underside, accommodating two passengers without the need for pilot operation [1] - EHang has achieved a significant milestone by becoming the first company globally to obtain all four essential certifications for its eVTOL product: the operational qualification certificate (OC), type certificate (TC), airworthiness certificate (AC), and production certificate (PC) [1] - The EH216-S will soon be available for low-altitude sightseeing and various commercial passenger services in Guangzhou and Hefei, marking the official start of China's low-altitude economy's "manned era" [2] Group 2 - EHang introduced its new long-range unmanned aerial vehicle, the VT35, which can cover intercity, over-sea, and mountainous travel scenarios, complementing the EH216-S and forming a product matrix for diverse travel needs [2] - The company has achieved a total of 76,000 safe flights globally, leading the world in safety records, and is actively promoting the establishment of urban air mobility operation centers in key markets [2] - EHang aims to expand international cooperation to inject momentum into the development of the global advanced air mobility industry [2]

Core Points - The 2025 Beijing Central Axis Cultural Heritage Inheritance and Innovation Competition recently concluded, marking the first event since the Central Axis was included in the World Heritage List [1] - The competition, themed "Focusing on the Central Axis Culture and Promoting Innovative Inheritance," attracted over 5,000 entries and more than 100,000 participants, reaching nearly 600,000 people [1] - The event emphasized youth participation, with a significant increase in young contestants in various categories such as short videos, graphic design, and music creation [1] - The competition's focus has shifted from "supporting heritage application" to "innovative utilization of heritage," aiming to integrate innovative outcomes with education, tourism, and cultural industries [1] - Since its inception in 2021, the competition has engaged 560,000 participants, impacting over 1 million people [1] Summary by Categories Event Overview - The competition was launched on June 14, coinciding with China's Cultural and Natural Heritage Day, and lasted nearly five months [1] - It serves as an important platform for the dissemination of the cultural heritage value of the Central Axis [1] Youth Engagement - The "Cultural Communication Little Envoys" selected from the competition showcased the younger generation's deep understanding and innovative interpretation of the Central Axis culture [1] - The proportion of youth participants has significantly increased across various competition categories [1] Future Directions - The competition aims to promote the integration of innovative results with various industries, ensuring that the protection outcomes of the Beijing Central Axis heritage benefit the public [1]

Group 1 - The core theme of the event is "Telling China's Story - The Awakening Era," which aims to enhance understanding of Chinese history among students from Hong Kong and Macau [1][2] - The lecture featured three high school students from Macau, who presented historical events such as the Opium War, the May Fourth Movement, and the founding of the Communist Party, using an innovative format that combined speeches, audio-visual materials, and interactive Q&A [1] - The event marks a significant step in fostering collaboration and exchange between secondary schools in Hong Kong and Macau, as highlighted by the school representatives [1][2] Group 2 - The initiative began in July 2024, with the first lectures held in three secondary schools in Macau, and has since evolved to include Hong Kong schools, reflecting a growing interest among students [2] - The organizers express a desire for more innovative interactions between schools in Hong Kong and Macau, emphasizing mutual learning and growth among students [2]