Core Viewpoint - The unemployment rate in Australia decreased from 4.3% to 4.1% in December 2025, indicating a positive trend in the labor market [1] Employment Data Summary - Seasonally adjusted employment increased by 0.4% month-on-month and approximately 1.1% year-on-year, reaching 14.6841 million [1] - The number of unemployed individuals decreased by about 4.5% month-on-month and increased by approximately 4.2% year-on-year, totaling 628,600 [1] - Monthly working hours rose by 0.4%, while the underemployment rate fell by 0.5 percentage points to 5.7% [1] Trend Data Summary - The trend data shows a decrease in the unemployment rate from 4.3% to 4.2% month-on-month [1] - Employment numbers grew by approximately 0.2% month-on-month and about 1.2% year-on-year, reaching 14.6861 million [1] - The number of unemployed individuals decreased by about 1% month-on-month and increased by 6.2% year-on-year, totaling 646,600 [1] - Monthly working hours increased by 0.2%, with the underemployment rate remaining stable at 5.9% [1] Youth Employment Impact - An increase in the number of young individuals aged 15 to 24 entering the job market contributed to the overall employment rate improvement and the reduction in the unemployment rate [1]

Core Viewpoint - Japan's trade deficit for 2025 is projected to be 2.65 trillion yen, marking the fifth consecutive year of deficit, with exports to the U.S. experiencing a decline for the first time in five years [1] Group 1: Trade Statistics - Japan's export value is expected to grow by 3.1% to 110.48 trillion yen in 2025 [1] - Japan's import value is projected to increase by 0.3% to 113.10 trillion yen in 2025 [1] Group 2: Impact of U.S. Policies - Exports to the U.S. have significantly decreased due to U.S. tariff policies, particularly affecting automobiles, semiconductor manufacturing equipment, and auto parts [1] - The export value to the U.S. is anticipated to decline by 4.1% to 20.41 trillion yen [1] - Japan's trade surplus with the U.S. is expected to decrease by 12.6% to 7.52 trillion yen [1]

新华财经东京1月22日电（记者刘春燕李诗萌）日本政府观光局21日公布的报告显示，去年12月中国内 地访日游客数量为33.04万人次，比上年同期大幅下降45.3%。 日本媒体和专家纷纷指出，受高市言论影响，中日关系持续紧张，已对日本零售、住宿、餐饮等经济社 会多个领域产生负面影响。日本最大旅行社日本交通公社预计，由于中国内地游客访日前景不明朗， 2026年入境日本的游客数量可能下降3%。 （文章来源：新华财经） 数据显示，自去年11月日本首相高市早苗发表涉台错误言论后，中国内地赴日游客开始明显减少。去年 11月，中国内地访日游客数量为56.26万人次，而去年10月这一数据为71.57万人次。 ...

Group 1 - The core viewpoint of the articles revolves around President Trump's dissatisfaction with Federal Reserve Chairman Jerome Powell and the ongoing pressure from the Trump administration on the Federal Reserve [1][2][3] - Trump has indicated that the selection process for the next Federal Reserve Chairman is nearing completion, with a preference for a male candidate who is well-respected [1] - The potential candidates for the next Chairman include Kevin Walsh, Christopher Waller, Kevin Hassett, and Rick Rieder, with Hassett being favored by Trump [1] Group 2 - The Trump administration's pressure on the Federal Reserve has intensified, with the Department of Justice issuing a subpoena regarding a $2.5 billion renovation project of the Fed's headquarters [2] - Powell has condemned the investigation as "political retaliation" for not lowering interest rates quickly enough, while Senate Banking Committee member Tom Tillis has vowed to oppose any Fed nominations until the investigation is resolved [2] - The political interference has extended to the judicial level, with the Supreme Court set to hear a case regarding Trump's attempt to dismiss Fed Governor Lisa Cook, raising concerns about the independence of the Federal Reserve [2][3] Group 3 - The next Federal Reserve Chairman will face significant challenges, including balancing the independence of monetary policy with political demands amid pressure from the White House and financial markets [3] - The new Chairman will need to manage complex macro-financial issues, including a $6.6 trillion balance sheet and interest rate paths, while maintaining the Federal Reserve's unique legal status and public trust [3]

Group 1 - The core viewpoint of the articles indicates that the postal industry in China is projected to experience significant growth in delivery volume and revenue by 2025, particularly in the express delivery segment [1][2] - By 2025, the total delivery volume in the postal industry is expected to reach 216.51 billion items, representing a year-on-year growth of 11.8%, with express delivery volume reaching 198.95 billion items, a growth of 13.6% [1] - The total business revenue of the postal industry (excluding direct revenue from postal savings banks) is anticipated to reach 1.8 trillion yuan, marking a 6.1% increase year-on-year, while express delivery revenue is projected to hit 1.5 trillion yuan, growing by 6.5% [1] Group 2 - In December, the postal industry recorded a delivery volume of 19.77 billion items, a year-on-year increase of 1.8%, with express delivery volume at 18.21 billion items, up by 2.3% [1] - The business revenue for the postal industry in December was 163 billion yuan, reflecting a 0.6% year-on-year growth, while express delivery revenue was 138.87 billion yuan, increasing by 0.7% [1] - In terms of business types for 2025, same-city express delivery is expected to reach 15.79 billion items (up 1.0%), while intercity express delivery is projected at 178.94 billion items (up 15.0%), and international/Hong Kong, Macau, and Taiwan express delivery is expected to reach 4.22 billion items (up 8.8%) [1] Group 3 - The articles also highlight a decline in traditional postal services, with letter business expected to total 68 million items in 2025, down 31.0%, and package business projected at 3.0537 million items, down 2.0% [2] - Newspaper business is anticipated to decline to 16.25 billion copies (down 4.2%), while magazine business is expected to reach 590 million copies (down 6.5%) [2] - The remittance business is projected to total 2.026 million transactions, reflecting a significant decline of 26.0% [2]

根据韩国央行发布的政策声明，决策层一致通过此次利率决议。值得注意的是，声明中删除了此前"为 降息留有空间"及"决定是否以及何时实施任何进一步的基准利率下调"等表述，释放出政策立场趋于谨 慎的信号。 若内需未能有效恢复，且外部环境不确定性持续存在，韩国2026年经济增长或将面临进一步下行压力。 当前，韩国经济面临多重结构性压力。韩元汇率持续承压，金融体系风险上升；与此同时，房地产市场 热度未减，家庭债务水平仍处高位。上述因素共同压缩了政府进一步实施刺激政策的空间。 韩国央行15日宣布维持基准利率在2.50%不变。行长李昌镛在会后记者会上表示，当前货币政策需在支 持经济复苏与应对金融稳定风险之间取得平衡，并强调仅靠提高利率"无法平息房价上涨"。 新华财经北京1月22日电韩国经济在2025年第四季度出现环比收缩，凸显内需疲软对增长动能的拖累。 数据显示，2025年第四季度韩国国内生产总值（GDP）环比下降0.3%，远低于前一季度修正后的1.3% 增幅，且不及市场普遍预期的0.2%增长。 全年来看，韩国2025年实际GDP同比增长1%，与此前官方及市场预测一致。然而，数据同时揭示，此 前由扩张性财政政策和消费复苏所支 ...

Group 1 - Malaysia's total trade is projected to exceed 3 trillion ringgit in 2025, marking a historical high amid rising global trade uncertainties, with a year-on-year growth of 6.3% [1] - Exports for 2025 are expected to surpass 1 trillion ringgit for the fifth consecutive year, reaching 1.607 trillion ringgit, a 6.5% increase, while imports will grow by 6.2% to 1.455 trillion ringgit [1] - Malaysia has achieved a trade surplus for the 28th consecutive year since 1998, with manufactured goods, particularly electrical and electronic products, driving export growth [1] Group 2 - The Malaysian Ministry of Finance forecasts a trade growth of 3.3% in 2026, with exports increasing by 2.8% and imports by 3.9%, supported by resilient domestic demand and ongoing investment activities [2] - The report emphasizes that higher utilization of free trade agreements will be key to expanding Malaysian products into diverse markets, aiding export growth [2] - Expanding market access to emerging markets is expected to create more opportunities for Malaysian exporters, reducing reliance on traditional markets [2]

Core Viewpoint - The methanol-based alcohol-hydrogen electric technology is accelerating its entry into the mainstream commercial vehicle market, providing a competitive alternative to pure electric and hydrogen fuel cell technologies, and is expected to create a new trillion-level renewable energy sector [1][4]. Group 1: Market Overview - China is the largest commercial vehicle market globally, with rapid development expected in electric, hydrogen fuel cell, and methanol technologies, driven by supportive policies and both domestic and export demand [2]. - By 2025, domestic sales of commercial vehicles are projected to reach 3.237 million units, with 871,000 units being new energy commercial vehicles, resulting in a penetration rate of 26.9% [2]. - The current penetration rate of new energy in commercial vehicles is low compared to passenger vehicles, which have surpassed 50% [2]. Group 2: Challenges and Opportunities - The slow development of new energy in commercial vehicles is attributed to the limitations of existing technologies, which do not meet the specific needs of commercial vehicle usage [3]. - The commercial vehicle sector is a significant energy consumer, accounting for over half of vehicle fuel consumption and 56% of CO2 emissions from all vehicles [2]. Group 3: Technological Advantages - The alcohol-hydrogen electric vehicle technology, which utilizes methanol as a liquid hydrogen substitute, has shown practical and economic advantages, making it suitable for various operational conditions [4][5]. - Compared to pure electric vehicles, alcohol-hydrogen electric vehicles offer stronger endurance, less impact from weather conditions, and lower infrastructure costs [5]. - The latest generation of methanol-powered systems has achieved a thermal efficiency of 50.3%, with comprehensive energy costs reduced by 32%-52% compared to diesel vehicles [5]. Group 4: Infrastructure and Policy Support - The existing oil and gas pipeline network can be utilized for low-cost transportation of liquid methanol, and converting existing gas stations to methanol refueling stations is significantly cheaper than building new hydrogen stations [6]. - The Chinese government has introduced over 70 policy documents to support the promotion of methanol vehicles, indicating strong institutional backing for the industry [8][9]. Group 5: Global Trends and Future Outlook - European car manufacturers are increasingly developing methanol as a vehicle fuel, with models expected to enter the market post-2035 [7]. - The global methanol industry is expanding, with 414 ships confirmed to adopt methanol fuel by the end of 2025, indicating a growing acceptance of methanol in various transportation sectors [7]. - The integration of green hydrogen, ammonia, and methanol is becoming a key pathway for clean energy consumption and industrial innovation [10].

Core Insights - The sales of pure electric large three-row SUVs reached 54,518 units in December 2025, marking an 18% month-on-month increase and the first time monthly sales surpassed 50,000 units, setting a new historical high [1] - The sales of plug-in hybrid models were 49,760 units, while fuel-powered and range-extended models sold 38,123 and 37,919 units respectively [1] - In the second half of 2025, the sales of pure electric large three-row SUVs grew by 351% year-on-year, driven by models such as NIO's new ES8 and Ledo's L90, while range-extended vehicle sales saw a year-on-year decline of 5.6% [1] Sales Performance - Pure electric large three-row SUVs achieved a record monthly sales figure, leading all powertrain types for four consecutive months [1] - The significant growth in sales is attributed to the introduction of new models in the market [1] - The performance of range-extended vehicles contrasts with the strong growth of pure electric models, indicating a shift in consumer preference [1]

甘肃省公共资源交易权益类电子交易系统近日发布成交信息，经过长达15天、共计2025轮的激烈竞价， 金川集团铜贵股份有限公司最终以63.87亿元（含前期投入）成功竞得玉门市前红泉金矿详查探矿权， 创下了甘肃省金属矿种产权交易的最高成交纪录。 此次引发激烈角逐的标的资源禀赋突出。资料显示，玉门市前红泉金矿已探获金资源量超40吨，规模相 当于两个大型金矿，属于高品位优质资源。 "十四五"以来，甘肃省在新一轮找矿突破战略行动中成果显著。通过设立专项领导小组、统筹投入勘查 资金47.1亿元，全省累计新发现包括泾川铀矿、前红泉金矿在内的大中型矿产地35处。矿产资源交易市 场也随之活跃，2025年呈现出"两升一降"的良性态势：参与单宗矿权竞价的平均企业数量同比提升2.4 倍，市场综合溢价率提升3.3倍，而矿物流拍率则显著下降23个百分点。 本次交易的背后，是全球黄金市场的历史性强势表现。国际金价在2025年涨幅超过70%，创下自1979年 以来的最强年度表现。在金价持续突破关键整数关口、长期看涨预期强烈的宏观背景下，国内外资本对 上游优质黄金资源的争夺日趋激烈。 资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 ...