明年PPI回升幅度取决于需求侧配合以及“反内卷”政策落地成效｜宏观晚6点

Group 1 - The National Development and Reform Commission (NDRC) has outlined key investment directions for infrastructure during the 14th Five-Year Plan, focusing on transportation and energy sectors [1] - In the transportation sector, the NDRC emphasizes the high-quality construction of strategic corridors along coastal, border, and river areas, as well as enhancing the transportation network including railways, highways, waterways, and civil aviation [1] - The NDRC aims to address transportation shortcomings in the western and border regions, promote infrastructure updates, and implement digital transformation to create a resilient and diversified international transport corridor system [1] Group 2 - The Ministry of Commerce responded to the U.S. decision to impose Section 301 tariffs on certain Chinese semiconductor products, currently set at 0% and expected to increase after 18 months [1] - The spokesperson for the Ministry of Commerce stated that China has formally lodged strong representations to the U.S. through the China-U.S. economic and trade consultation mechanism [1] - China firmly opposes the U.S. conclusions from the Section 301 investigation and the imposition of tariffs on Chinese semiconductor products [1]