Group 1 - The article discusses the substantial progress in negotiations between China and the EU regarding the alternative measures to the anti-subsidy tax on Chinese electric vehicles [6] - The European Commission released a guidance document on January 12, emphasizing the "Risk of Cross-compensation," which highlights the importance of avoiding legal and policy risks associated with the anti-subsidy tax [6] - Since the implementation of the anti-subsidy tax on Chinese electric vehicle imports in October 2024, companies have engaged in behaviors to mitigate costs and risks, such as increasing the presence of plug-in hybrid and fuel vehicles in the EU market [6] Group 2 - The anti-subsidy tax has led some companies to shift their market focus to other European markets outside the EU, such as the UK and Norway, where BYD has identified the UK as its most important overseas market due to strong performance [6]

Core Viewpoint - China's export controls on gallium are impacting international prices, with gallium prices rising nearly 20% recently, reaching the highest level since 2002, affecting the high-tech industry's critical minerals [2][4]. Group 1: Gallium Market Dynamics - Gallium, used in semiconductors and LEDs, has seen a price increase of 16% since the beginning of the year, with current prices at $1600 per kilogram [4]. - The global gallium production in 2024 is projected to be 760 tons, with 99% of the supply controlled by China [8]. - Concerns over supply disruptions have led Japanese companies like Mitsubishi Corporation to diversify their procurement sources, including plans to produce and import gallium from Kazakhstan starting in 2026 [12][13]. Group 2: Tungsten and Rare Earth Metals - Tungsten prices have surged, with China controlling 80% of global production, raising supply concerns [11]. - The price of ammonium paratungstate (APT), a tungsten product, has also reached a record high, increasing by 8% since the beginning of the year [11]. - Rare earth elements are experiencing price increases as well, with dysprosium up 26% and terbium up 19% since the start of the year, driven by supply concerns [11]. Group 3: Strategic Responses - Japanese companies are actively seeking to secure critical mineral resources to mitigate risks associated with reliance on specific countries, particularly in light of China's ongoing export controls [13]. - The Japanese Ministry of Economy, Trade and Industry emphasizes the need for diversification in mineral resource procurement to reduce dependency on China [13].

日经的调查显示，在选举公示后的初期阶段，自民党获得的议席有望比选举前的198个增加， 或将获得总数465个议席中过半数的233个。自民党有望掌握让国会运作更加顺利的议席 数…… 日本经济新闻社日前对2月8日投计票的众议院选举进行调查，分析了初期形势。在公示后的 初期阶段，自民党获得的议席有望比选举前的198个增加，或将获得总数465个议席中过半数 的233个。立宪民主党和公明党组成的"中道改革联合"的议席有可能比公示前的167个减少。 1月27、28两日，日本经济新闻社在日本全国范围内通过电话和网络进行调查，并结合采访 分析了形势。刚组建的中道改革联合的名称没有渗透，再加上离投计票日只有10天左右。小 选区的半数以上形成激战，到最后阶段形势可能会发生巨大变化。 日本首相高市早苗（自民党总裁）把"执政党过半数议席"作为胜败线。从公示前的数量来 看，自民党为198个，日本维新会为34个，共计为232个议席，还差1个议席实现执政党过半 数。自民党内部出现了"力争单独过半数"的意见。 中道改革联合呈现很难维持公示前的议席数量的局面。从目前情况看，可能达不到100个议 席。 中道改革联合的目标是一跃成为在众议院拥有最多 ...

Group 1 - The core viewpoint of the articles is that the US dollar is experiencing a significant decline, with the dollar index dropping to around 95.5, marking a four-year low, driven by increasing investor distrust in the US government's political and economic policies [2][5][6] - The dollar's depreciation is reflected in its exchange rates against major currencies, such as the euro, Swiss franc, and British pound, reaching levels not seen in several years [4][5] - Market sentiment indicates that the trend of dollar depreciation is likely to continue, with investors increasingly wary of the US government's unpredictable economic policies [5][6] Group 2 - The decline in the dollar is attributed to a lack of confidence in US policies, with President Trump suggesting that a weaker dollar could benefit American businesses, although this stance creates uncertainty about the government's true intentions regarding currency valuation [5][6] - There is a growing trend among investors to hedge against dollar depreciation by increasing investments in gold and large tech stocks, as evidenced by a survey indicating that "shorting the dollar" is a popular strategy [6] - The weakening dollar has led to a rise in the yen's value, with the exchange rate reaching levels not seen in three months, although concerns remain about Japan's economic fundamentals and potential fiscal risks [6][7]

2025年日本电影票房创新高，《国宝》第二 原创 阅读全文 日经GO ...

日本2025年的机床订单额同比增长8%，其中来自美国、中国等的海外订单同比增长12%。 日本国内订单自2023年以后持续下滑。成为行业重压的是占日本国内订单两成的汽车领域的 需求停滞…… 日本国内设备投资的停滞状态仍在持续。日本行业团体1月27日发布的数据显示，2025年机 床订单额中，海外订单同比增长12%，而国内订单则连续3年下滑。尽管在日本政府定义为战 略领域的航空航天、造船用途上，开始出现积极迹象，但是否能推动整体增长仍然难以预 见。 在日本工作机械工业会（简称日工会，位于东京港区）1月27日在东京都内召开的记者会上， 会长坂元繁友（芝浦机械社长）神情严肃地表示："支撑（日本）国家经济根基的制造业失去 往日的活力，正陷入危机局面"。 2025年的机床订单额（确定值）为1.6043万亿日元，同比增长8%，3年来首次重回正增 长。但此番复苏的支撑来自美国、中国等海外市场。日本国内订单额仅为4408亿日元，同比 下降0.2%，2023年以后持续下滑。 日本机床企业大隈（OKUMA）营业本部营业部部长前川久好表示，在整车厂商尚未明确投资 方向的背景下，"应重点向EV、燃油车还是混合动力车（HV）进行投入，中小 ...

与奥运顶级赞助商标志一起展示的TCL的电视（2025年2月、北京） TCL出资占51%的合资企业将接管索尼的电视机业务。在2025年电视出货量的全球市场份额 中，TCL为14%，仅次于三星的16%，位居第二。到2027年，包括与索尼的合资公司在内， TCL的市场份额将扩大到17%…… 中国电视大型企业TCL集团为迈向世界第一打出王牌。TCL出资占51%的合资企业将接管索 尼的电视机业务。有预测称，TCL到2027年将超过韩国三星电子，首次跃居电视市场首位。 在最赚钱的中国市场的竞争日趋激化这一背景下，此举旨在提高收益。 "将通过享誉全球的'Sony'和'BRAVIATM'品牌赋能，致力于为全球用户创造新价值"，TCL 集团负责电视业务的核心公司TCL电子1月20日在说明与索尼集团旗下从事电子业务的索尼展 开合作的披露信息中强调了这一点。 新成立的合资公司，TCL电子占比51%，索尼49%，继承索尼集团的电视业务。合资公司计 划于2027年4月启动业务。 在宣布消息次日的1月21日，TCL电子在香港市场的股价比前一天上涨18.6%，达到12.92港 元，创出近20年来新高。这是因为越来越多观点认为，继承索尼的业 ...

Core Viewpoint - Anta Sports has reached an agreement to acquire 29% of Puma's shares for €1.5 billion, aiming to leverage Puma's brand and technology to enhance its overseas expansion strategy [2][4]. Group 1: Acquisition Details - The acquisition involves purchasing 43 million shares of Puma at €35 per share, representing a 60% premium over the closing price on January 26 [4]. - The deal is subject to approval from Anta's shareholders and regulatory bodies, with plans to complete the acquisition by the end of 2026 [5]. Group 2: Anta's Financial Performance - For the fiscal year 2024, Anta's sales are projected to grow by 14% year-on-year, reaching RMB 70.8 billion, with a net profit increase of 52% to RMB 15.5 billion [7]. - Anta's growth strategy includes a multi-brand approach, expanding its brand portfolio through acquisitions and investments, such as the purchase of FILA's China business in 2009 and investments in Amer Sports [7]. Group 3: Puma's Current Situation - Puma reported a loss of €308.9 million for the first nine months of 2025, compared to a profit of €257.1 million in the same period the previous year, with sales in Asia declining by 9% [9]. - The company is undergoing structural reforms to reset its business strategy, including inventory clearance and sales network restructuring, but has not yet shown signs of improvement [9]. Group 4: Strategic Implications - The partnership with Puma is expected to enhance Anta's market competitiveness by sharing resources such as supply chains and logistics, which could benefit both brands [9]. - Anta's collaboration with Puma aims to strengthen its international market presence and gain operational experience in global markets, complementing its existing Southeast Asian operations [10].

日本民众在聆听党首的街头演讲（1月27日，东京丰岛区） 该党代表玉木雄一郎27日在东京都内的JR新桥站前的首次拉票演讲话中，批评了执政党和中 道的食品减税方案。考虑到至今为止党首讨论会上的讨论内容，断言"完全没有充实的内容。 不得不说，简直是突发奇想提出的方案"。 日本的工资涨幅赶不上物价的涨幅，民众正被高物价所困。日本朝野政党针对2月8日投票的 众议院选举，都在竞选纲领中提出降低消费税的主张，但主要政党都没有在竞选纲领上明示 财源…… 日本朝野政党针对2月8日投票的众议院选举，都在竞选纲领中提出降低消费税。降幅、对象 和期间等方法的差异成为争论点。如何确保所需财源仍存在不确定性。日本民众需要在从众 议院解散到投计票的时间为战后最短的短期决战中做出判断。 各党考虑到当前的物价上涨，在竞选纲领中加入了许多家庭经济支援政策。执政党自民党和 日本维新会在竞选纲领中提出，2年内将食品的消费税率降为零。日本首相高市早苗（自民党 总裁）1月26日就实施时间强调称，"作为首相的希望是，如果可能，争取2026年度内实 施"。 高市与维新会代表吉村洋文27日在东京秋叶原出席众议院选举的首次拉票演讲，强调了自己 的"负责任的积极 ...

日本各政党党首 本次选举共有1285人参选，争夺465个议席。要获得执政党稳定运作国会所需要的"稳定多 数"或"绝对稳定多数"议席，分别需要243席和261席。各党将针对物价上涨对策以及国家安 全保障政策展开论战…… 日本第51届众议院选举于1月27日进行公示，共有1285人参选。本次选举将拷问提出"负责 任的积极财政"方针的高市早苗政权的信任度。对自民党与日本维新会组成的联合政权的评价 同样成为讨论焦点。在2月8日投计票之前，日本朝野各党将针对包括削减消费税在内的物价 上涨对策以及国家安全保障政策展开论战。 本次是2024年10月以来再次进行众议院选举。自民党与公明党解除联合执政关系后，自民党 与日本维新会组建的执政联盟于2025年10月上台，此次选举是该联合政权下举行的首次全国 性选举。 在众议院议员任期尚未过半时解散众议院并举行大选十分罕见。日本首相、自民党总裁高市 早苗在1月23日的例行国会伊始宣布解散众议院，此次选举成为一场超短期决战。 在2024年的上届众议院选举中，组成执政联盟的自民党与公明党的合计议席未能达到过半 数，沦为少数派执政党。 随着2025年10月高市政权上台，联合执政伙伴变成了日本 ...