（原标题：台海观澜 切走一半台积电，特朗普政府的愿望能否实现） 在台湾问题上，特朗普政府看起来比拜登政府更加精明。 因为对于美国而言，台湾最大的价值在于其强大的半导体（芯片）生产能力。拜登政府和特朗普政府都 想保证战略物资供应链的安全，拜登政府的做法是将供应链安放在盟友那里，分散在不同的国家和地 区；特朗普政府的做法则是将供应链搬回美国，具体到台湾的半导体（芯片）产业，特朗普政府的计划 是，切走一半台积电。 美国、日本、韩国、台湾都有企业生产芯片，为什么台湾（台积电）一枝独秀？为什么中国改革开放之 后，用了短短40年的时间，就成了世界工厂？ 因为以中华文化为主体的东方文化，其谦逊性的特质，特别适合需要高度纪律性、协调性的生产型产业 的发展。 第二次是12月，卢特尼克在接受美国消费者新闻与商业频道（CNBC）采访时表示，台湾（半导体企 业）会培训美国的劳工，美国的最终目标是让整个供应链都留在美国。 与美国方面的高调相比，台湾当局的对外表态显得低调而谨慎。12月初，台湾"行政院长"卓荣泰表示， 供应链外移并非台美关税谈判的条件。 那么问题来了：切走一半台积电，特朗普的愿望会实现吗？ 笔者的判断是，可能性几乎为零。 ...

Core Viewpoint - The article explores the unique artistic expressions of the Sanxingdui culture, particularly focusing on the significance of eye motifs in bronze statues and masks, which are believed to be related to ancient rituals and beliefs [1][2]. Group 1: Artistic Features - The Sanxingdui site is renowned for its distinctive bronze figures and masks, characterized by exaggerated eye shapes that have become iconic symbols of the site [1]. - The bronze figures typically feature prominent eyes, with two main styles: one with almond-shaped eyes and another with protruding cylindrical pupils [2][4]. - Eye-shaped bronze ornaments found in sacrificial pits suggest a ritualistic significance, possibly used in the assembly of masks and statues [2][3]. Group 2: Cultural Significance - Scholars agree that the unique styles of the Sanxingdui figures and masks are linked to religious practices, although definitive textual evidence is lacking [2]. - The concept of eye worship is central to the spiritual world of the ancient Shu people, as indicated by various historical texts and archaeological findings [2][9]. - The exaggerated representation of eyes in Sanxingdui art reflects a deep cultural expression rather than mere artistic imagination, indicating a sophisticated understanding of human anatomy [8]. Group 3: Comparative Analysis - The stone figures from Sanxingdui exhibit simpler facial features compared to the bronze figures, suggesting a different artistic approach and possibly a different function [4]. - The discovery of kneeling stone figures with similar artistic traits in related cultures, such as the Twelve Bridges and Jinsha cultures, indicates a shared artistic tradition in the region [4]. - The recent findings of bronze kneeling figures with unique hairstyles and clothing styles suggest interactions with cultures from the middle reaches of the Yangtze River [6].

Core Perspective - The article narrates the life journey of Juan Yan, highlighting his transition from various jobs to becoming a writer, emphasizing the impact of societal changes over the past 25 years in China [1][13]. Group 1: Career Journey - Juan Yan has changed jobs 19 times since starting work in 1999, with writing now being his most stable profession [2]. - His first job was as a waiter in a hotel, earning 600 yuan per month, which was not considered a good opportunity at the time [3]. - He later worked at a gas station, where he earned 1,800 yuan per month, but had to leave due to scheduling conflicts with night school [5]. Group 2: Transition to Writing - In 2009, after a series of unsuccessful business ventures, Juan Yan turned to writing as a new pursuit, driven by economic struggles and personal setbacks [10][12]. - His writing gained significant attention with the publication of "I Delivered Packages in Beijing," which became a representative work of the "non-fiction" writing trend [13]. - The article discusses how writing has improved his financial situation, yet he remains grounded in his expectations for the future [14][15]. Group 3: Societal Changes - Juan Yan reflects on the evolution of societal attitudes in China over the past 25 years, noting a shift towards greater civility and kindness among people [13]. - He contrasts his experiences in earlier jobs, where he felt undervalued, with his current role in delivery services, where he receives positive feedback from customers [14].

（原标题：耶鲁大学揭秘1－14岁孩子成长密码：优秀的孩子，这样养！） 作者｜路易丝.埃姆斯 来源｜网络 这些精华成果，可以帮助父母们真正"读懂"孩子各个时期的成长规律。 如果父母们能够遵循孩子的成长规律，那么一定会培养出优秀的孩子。 1岁到2岁半 "和顺期"与"执拗期" 我们总说：孩子3岁以前是很重要的。虽然孩子长大之后，很少会记得3岁以内的事。 但是事实表明，3岁以内的经历，即使孩子不记得，但也会对孩子的一生，有巨大的影响。 大约在1岁半到2岁半，孩子会反复地穿梭于"和顺期"与"执拗期"之间。 因为孩子在这个时候，成长迅速，这些周期也相对短一些。 在这个阶段，父母应该多给予孩子陪伴与关注，这样，孩子的安全感就会得到满足。 心理学家阿德勒曾说： "我们每个人来到这个世界上，穷极一生都在追求两样东西：安全感和价值感。" 如果孩子在年幼时，能在家人的陪伴和呵护下成长，孩子的内心就会极具安全感。 2岁孩子 "不"字当头 2岁的孩子，开始有了自我的意识、意愿、意图。 但是他们不懂得表达，甚至他们自己也不太明白自己的意图。 对于这么小的孩子，管教技巧主要以疏导、绕道为主。 安全第一，不要告诉孩子不许玩、不许碰。 父母需 ...

作者 胡群 当COMEX黄金冲破4500美元、全年涨幅高达70%，市场终于意识到：这场上涨不是投机狂欢，而是一 场关于"什么是真正安全资产"的全球投票。截至发稿前，COMEX黄金价格已站上4520美元/盎司，12月 23日更一度触及4530.8美元的历史新高。2025年由此成为自1979年以来黄金表现最强劲的一年。 来源：东方财富App 推动本轮行情的核心，并非短期情绪，而是多重结构性力量的共振。美国11月失业率升至4.6%；核心 CPI同比仅上涨2.8%。数据持续释放经济降温信号，强化了市场对美联储在2026年继续降息的预期。与 此同时，日本央行如期加息，利空提前消化，促使资金回流黄金进行中长期配置。 瑞银财富管理投资总监办公室(CIO)预测，基准情景下，金价到2026年6月将达4500美元/盎司；若地缘 冲突或金融动荡加剧，可能冲击4900美元。对大多数投资者来说，在投资组合中持有中个位数的黄金敞 口，有助于提高多元化，并且是应对意外情况的良好策略。尽管黄金不是万灵丹，但在构建审慎投资组 合中仍能发挥效用。但该机构也提醒："尽管长期前景乐观，短期估值已处极端高位，追高需谨慎。" 钱放银行不如买金条？ 对普 ...

Core Viewpoint - The collaboration between bank wealth management subsidiaries and rural commercial banks is accelerating, driven by the need to counteract declining deposit rates and retain customer deposits while expanding market reach and product offerings [2][3][4]. Group 1: Collaboration Dynamics - Bank wealth management subsidiaries are actively seeking partnerships with rural commercial banks to enhance distribution channels and customer coverage, particularly in response to declining deposit rates [2][4]. - Several rural commercial banks have recently signed agreements with wealth management subsidiaries, indicating a surge in collaboration efforts [2][4]. - The urgency for these partnerships is underscored by the significant outflow of personal deposits from rural banks as deposit rates fall below 2%, prompting banks to seek alternative investment products [3][5]. Group 2: Market Trends and Challenges - The average annualized returns for closed-end fixed-income products have reached 2.3% and 2.73% for one-month and three-month periods, respectively, making these products attractive for rural banks to retain deposits [4]. - A notable trend is the shift in customer preference towards fixed-income wealth management products as deposit rates decline, with rural residents showing a strong interest in these offerings [3][6]. - The implementation of stricter regulations under the "Measures for the Management of Agency Sales by Commercial Banks" has raised the compliance requirements for partnerships, leading rural banks to focus more on operational compliance and risk management [8][9]. Group 3: Product Development and Risk Management - Rural banks are primarily interested in low-risk fixed-income products due to the conservative risk appetite of their clientele, with many banks planning to continue offering only these types of products [6][7]. - There is a concern that if fixed-income product yields fall below 2%, it could lead to another wave of deposit outflows, prompting banks to explore innovative product structures to maintain competitive returns [6][7]. - To enhance the yield of fixed-income products, banks are considering diversifying investments into alternative strategies while ensuring low volatility to meet customer expectations [7]. Group 4: Compliance and Operational Adjustments - The new regulatory framework requires rural banks to implement stricter internal controls and compliance measures, including a focus on sales practices and customer suitability [8][9]. - Some rural banks are taking proactive steps to improve compliance, such as enhancing communication with wealth management subsidiaries and training staff on sales practices to prevent mis-selling [9][10]. - The emphasis on compliance is critical, as any increase in customer complaints could jeopardize ongoing partnerships with wealth management subsidiaries [10].

Core Insights - The value of the Mercedes-Benz S-Class is increasingly highlighted as the market shifts from superficiality to rationality, and users prioritize experience over mere specifications [2][12] - The success of a certain domestic luxury model, which achieved 18,000 orders in 175 days, signals the rise of Chinese brands, but it has not yet become a true "taste choice" for users [2] - The luxury car market in China is experiencing a shift from "smart concept competition" to a focus on essential needs, emphasizing mechanical quality, safety, luxury essence, and overall experience [2] Market Dynamics - A leading automotive supplier predicts that international brands will regain leadership in three to five years, as the democratization of smart features diminishes the differentiation of new entrants [2] - The Mercedes-Benz S-Class is redefining modern luxury by breaking the misconceptions that "electrification equals intelligence" and "luxury equals configuration stacking" [2][5] Technological Advancements - Mercedes-Benz has strategically positioned itself in the electric vehicle market with its "dual fuel" strategy, emphasizing that intelligence and quality are the core standards for luxury cars [5] - The company has made significant investments in local autonomous driving technology, including a partnership with Momenta, and has achieved milestones such as being the first to receive international certification for L3 conditional autonomous driving [5][6] Product Features - The S-Class features a comprehensive upgrade in its intelligent cockpit, including a heads-up display, 3D digital instrument cluster, and OLED central display, enhancing both safety and immersion [6] - The vehicle's "configuration democratization" strategy addresses core consumer demands in China, with high-end features now standard across all models, reducing decision-making time for buyers [6][10] Quality and Safety - Mercedes-Benz emphasizes long-term quality over temporary features, focusing on safety, user experience, and rigorous product standards [7][9] - The S-Class undergoes extensive testing, including 15,000 virtual and over 180 real-world crash tests, ensuring high safety standards [9] Competitive Position - The S-Class has maintained its position as the top-selling luxury car for five consecutive years, with a delivery gap of 12,000 units over the second-place competitor in 2024, reflecting consumer recognition of its long-term value [10] - The brand's commitment to quality and heritage remains a core value, distinguishing it from competitors that may be seen as trend-driven [10][12] Future Strategy - Mercedes-Benz plans to launch multiple models tailored for the Chinese market by 2027, utilizing a new architecture to enhance the efficiency of its intelligent systems [10] - The company aims to integrate global technology with local needs, focusing on autonomous driving and innovative cockpit experiences [10][12]

Core Insights - The article highlights the career of Li Xiaojia, known as "Mr. Connect," who has played a pivotal role in linking Chinese enterprises with international capital throughout his financial career [3][4] - Li Xiaojia's initiatives, including the establishment of the Hong Kong-Shanghai Stock Connect (沪港通), have significantly advanced the interconnectivity of financial markets between China and the world [5][6][7] - The article also discusses Li Xiaojia's recent venture, Drip Irrigation Capital (滴灌通), which aims to connect global capital with small and micro enterprises, addressing the financial needs of the grassroots economy [12][13] Interconnectivity Initiatives - In 2012, Li Xiaojia and the then-chairman of the Shanghai Stock Exchange sketched the initial concept for the Stock Connect on a napkin, which later evolved into a formalized trading mechanism [5][6] - The Stock Connect was officially launched on November 17, 2014, marking a significant step towards the mutual opening of capital markets between mainland China and Hong Kong [7][8] - Subsequent initiatives like the Shenzhen-Hong Kong Stock Connect and Bond Connect followed the same foundational logic established by the Stock Connect [7][8] Challenges and Reforms - The article outlines the challenges faced in implementing reforms, particularly regarding the acceptance of dual-class share structures, which were initially met with resistance due to concerns over fairness and regulatory integrity [9][10] - The successful listing of Xiaomi in 2018 under a dual-class share structure marked a significant milestone in these reforms, demonstrating the potential for innovation within Hong Kong's financial market [10][11] Drip Irrigation Capital - Drip Irrigation Capital was founded to provide financial services to small and micro enterprises, which have traditionally been underserved by conventional financial products [12][13] - The company aims to create a sustainable investment model that balances risk and return, particularly in the context of high capital costs associated with overseas financing [12][13] - The venture has undergone multiple phases of development, with the current focus on standardizing cash flow assets from small enterprises to meet the investment needs of larger institutional investors [14][15]

Core Viewpoint - The ongoing legal dispute regarding the acquisition of Holland Novochem B.V. by Forbon Technology Netherlands B.V. has resulted in a court ruling requiring Forbon to pay over €6.1 million in compensation, interest, and legal fees to HNC [1][3]. Group 1: Acquisition Background - In 2015, Forbon Technology Netherlands B.V. aimed to acquire 100% of Holland Novochem to enter the European fertilizer additive market, marking a significant step in the company's overseas expansion strategy [1]. - The acquisition involved a payment plan divided into four installments, with the final payment due in 2018. Disputes arose over the calculation of Holland Novochem's 2017 profits, leading to disagreements on the final payment amount [2]. Group 2: Legal Proceedings - In 2019, Forbon paid €9,389,827 to a trust account for the fourth installment, but HNC did not accept this payment, leading to a court case in Amsterdam [2]. - In March 2024, the court ruled that Forbon must pay €9,289,192.50 for the equity transfer, with the transfer of 15% of Holland Novochem's shares occurring shortly thereafter [2]. - In October 2024, HNC initiated a lawsuit for damages related to the delayed payment, seeking statutory interest and compensation, which led to asset preservation measures against Forbon [3]. Group 3: Financial Impact - The court's ruling in December 2025 mandated Forbon to pay over €6 million in statutory interest and legal fees, rejecting Forbon's counterclaim [3]. - Forbon is expected to recognize a provision in its 2025 annual report, which could reduce its net profit by approximately ¥48.04 million, over half of its net profit of ¥93.59 million for 2024 [4]. - The company has indicated plans to appeal the ruling, with potential impacts on current and future profits remaining uncertain [4].

Core Viewpoint - The article highlights the journey of Lin Qingfeng, a former weightlifter who transitioned from an Olympic champion to a coach, emphasizing the challenges athletes face after retirement and the importance of education and support for their future careers [1][2][12]. Group 1: Athletic Career - Lin Qingfeng won the first gold medal for China in men's weightlifting at the London Olympics in 2012, lifting 187 kg [1]. - He faced significant challenges early in his career, including being rejected twice by the provincial team before eventually proving himself at the 2009 National Games [6][7]. - His journey included rigorous training and overcoming self-doubt, leading to a breakthrough in performance under a renowned coach [6][7]. Group 2: Transition to Coaching - After retiring in 2017 due to injuries, Lin Qingfeng took three years to adapt to life outside of competitive sports before becoming a coach [2][12]. - He initially worked as the leader of the weightlifting team in Xiamen and later as a coach for the Fujian Provincial Sports Bureau, eventually being selected for the national weightlifting team [2][12]. - The coaching role requires managing various logistical details and supporting athletes, contrasting with the singular focus of being an athlete [13]. Group 3: Challenges Post-Retirement - Lin Qingfeng expressed the uncertainty and pressure athletes face after retirement, including the need for better support systems for transitioning athletes [2][12]. - He noted the disparity in opportunities for athletes from less popular sports compared to those from more mainstream sports, highlighting the need for clearer policies to support retired athletes [17]. - The article emphasizes the importance of education for athletes, as many face limited job prospects after their sports careers end [15][16]. Group 4: Advocacy for Athletes - Lin Qingfeng advocates for improved educational resources and support for young athletes to ensure they have viable career paths post-retirement [15][16]. - He believes that addressing these issues is crucial for attracting more youth to sports and retaining talented athletes within the system [17]. - His recent donation of his Olympic gold medal symbolizes a commitment to fostering the next generation of athletes and contributing to the broader sports community [18].