进出口表现亮眼 "抢出口！"2025年，在关税的"达摩克利斯之剑"下，中国出口迎来一拨又一拨小高峰。李稻葵表示，这 一年，"抢出口"已经成为出口常态。 在压力下，中国积极开拓非美市场取得显著成效，对非美市场出口表现强劲，有效对冲对美出口下滑的 拖累；同时，全球人工智能及新能源产业加速发展，叠加中国高端制造产品的竞争优势不断强化，集成 电路、"新三样"产品出口拉动作用明显。 2025年，在全球贸易保护主义的逆风中，中国对外贸易顶住外部压力，出口逆势增长，贸易结构不断优 化，彰显出中国供应链的强大韧性和适应能力。 从月度数据来看，全年进出口呈现"稳中有升、结构优化"的运行特征。在清华大学中国经济思想与实践 研究院院长李稻葵看来，中国外贸在当前国际竞争中取得的成绩超出了普遍的推演。 多次刷新历史同期新高，这是2025年进出口的"战果"。 毕马威发布的《2026年宏观经济十大趋势展望》显示，"在全球财政和货币政策宽松预期下，外需有望 维持一定韧性。预计新兴经济体需求扩张与中国高技术产品竞争优势，将继续支撑2026年出口稳健增 长。" 中国始终将对外开放作为根本性国家政策，通过一系列切实举措推动构建开放型全球经济，为全 ...

Group 1 - The core point of the news is that Hainan's free trade port has significantly expanded its duty-free shopping options, leading to a surge in sales and consumer interest, with sales exceeding 100 million yuan for four consecutive days after the closure began [1] - The number of zero-tariff items has increased from over 1,900 to 6,637, covering 74% of product categories, which indicates a substantial enhancement in consumer access to a variety of goods [1] - The policy aims to create a "quasi-offshore" low-tax environment within China, enhancing the international competitiveness of imported goods and encouraging domestic consumption to return from overseas channels [1] Group 2 - The fundamental benefit of the closure is the promotion of institutional openness, which reduces transaction costs and allows consumers to access high-quality global products at competitive prices [2] - The zero-tariff environment will also benefit local manufacturing and service industries by lowering costs for imported raw materials and components, thus improving the overall quality of the supply chain [2] - Hainan is expected to evolve into a comprehensive high-end service ecosystem that integrates display, experience, consumption, and after-sales services, attracting global brands to establish a presence in the region [2] Group 3 - Maintaining regulatory efficiency and convenience amidst high-frequency, large-scale logistics exchanges is a challenge for Hainan, as sustaining consumer growth will depend on improvements in the business environment, logistics efficiency, and consumer rights protection [3] - The operation of Hainan's free trade port represents a significant step in China's broader strategy for opening up, focusing not just on immediate consumption growth but also on long-term competitive advantages through institutional innovation [3]

Core Viewpoint - The release of the "Encouragement Directory for Foreign Investment (2025 Edition)" aims to attract and utilize foreign investment more effectively, focusing on advanced manufacturing, modern services, high-tech, and environmental protection sectors, as well as promoting investment in the central and northeastern regions of China [2][3]. Group 1: Changes in the Encouragement Directory - The new directory includes a total of 1,679 entries, with a net increase of 205 entries and 303 modifications compared to the 2022 version [3]. - The national directory has 619 entries, with 100 new additions and 131 modifications, while the regional directory has 1,060 entries, with 105 new additions and 172 modifications [3]. - The expansion of the directory signals a proactive approach to attract foreign investment amidst increasing global competition and protectionist measures from other countries [3][4]. Group 2: Focus Areas for Foreign Investment - The new directory encourages foreign investment in advanced manufacturing by adding or expanding entries related to end products, components, and raw materials to enhance the development of supply chains [4]. - It promotes investment in modern services, with new or expanded entries in business services, technical services, scientific research, and service consumption to foster high-quality development in the service sector [4]. - The directory also emphasizes investment in the central and northeastern regions of China, tailoring entries to local resources and industrial advantages, such as new projects in various provinces [4][5]. Group 3: Impacts on Industry Structure and Economic Growth - The revision of the directory is expected to support industrial structure upgrades and improve efficiency, responding to the rapid technological revolution and industrial transformation [5]. - It aims to attract global innovation factors and enhance international investment cooperation, benefiting both supply and demand sides of the economy [5][6]. - The directory continues to prioritize technology innovation as a key area for foreign investment, supporting advanced manufacturing and high-tech sectors to foster new productive forces [6]. Group 4: Future Directions and Implementation - The National Development and Reform Commission plans to strengthen guidance and coordination to ensure the effective implementation of the new policies [7]. - Efforts will be made to create a market-oriented, law-based, and international business environment to attract more multinational companies to invest in China [7]. - The government will expedite the launch of major foreign investment projects and address issues related to land use, environmental assessments, and energy consumption [7].

Core Viewpoint - The release of the "Encouragement Directory for Foreign Investment Industries (2025 Edition)" aims to attract more foreign investment into advanced manufacturing, modern services, and specific regions like the Midwest and Northeast of China, effective from February 1, 2026 [1][2]. Group 1: Changes in the Encouragement Directory - The new directory includes a total of 1,679 entries, with a net increase of 205 entries and 303 modifications compared to the 2022 version [2]. - The national directory has 619 entries, with 100 new additions and 131 modifications, while the regional directory has 1,060 entries, with 105 new additions and 172 modifications [2][3]. - The expansion of the directory is seen as a proactive measure to enhance China's openness and respond to global competition for foreign investment [2]. Group 2: Focus Areas for Foreign Investment - The new directory encourages foreign investment in advanced manufacturing, with new or expanded entries related to end products, components, and raw materials to enhance the development of supply chains [3][4]. - It also promotes foreign investment in modern services, adding entries in business services, technical services, scientific research, and service consumption to foster high-quality development in the service sector [3]. - The directory aims to attract foreign investment to the Midwest, Northeast, and Hainan Province, with specific entries tailored to local resources and industrial advantages [3][4]. Group 3: Implications for Economic Development - The revision of the directory is expected to support industrial structure upgrades and improve efficiency, responding to the challenges posed by global investment protection measures [2][5]. - It aims to attract global innovation factors and enhance international investment cooperation, benefiting both domestic and foreign enterprises [5][6]. - The directory also seeks to meet the growing domestic demand in sectors like healthcare and elder care, thereby improving the quality of life and expanding domestic consumption [5][6]. Group 4: Future Directions - The National Development and Reform Commission plans to strengthen guidance and coordination to ensure the implementation of policies and create a favorable business environment for foreign investment [6]. - There will be efforts to expedite major foreign investment projects and address issues related to land use, environmental assessments, and energy consumption [6].

海南自贸港的封关运行，彰显了中国在推进全球化和区域合作方面的坚定信心。海南地处RCEP区域核 心及中国—东盟两大新兴市场枢纽位置，依托区位优势，通过国际化、市场化高标准开放，正朝着世界 高水平自贸港持续迈进。 （作者系商务部国际贸易经济合作研究院研究员） 海南始终是中国改革开放历程中重要组成部分。2018年，《中国（海南）自由贸易试验区总体方案》提 出，在海南全岛建设自由贸易试验区，为逐步探索、稳步推进海南自由贸易港（以下简称"海南自贸 港"）建设，分步骤、分阶段建立自由贸易港政策体系打好坚实基础。2025年12月18日，在改革开放47 周年之际，海南自贸港封关运作。依照国家部署，海南为中国改革开放试验田，服务国家重大战略的服 务区，生态文明建设示范区，并计划打造国际旅游消费中心。未来，海南将在对接21世纪国际经贸规则 过程中，大胆试验，大胆创新，为中国新一轮制度型开放创造积累经验。 目前，中国共有22个自由贸易试验区。与其他自由贸易试验区相比，海南在先行先试过程中具有独特的 税收、贸易与立法政策优势，为海南自贸港的高质量发展提供有力支撑。例如，进口"零关税"清单和加 工增值政策，对外资企业和国内企业都实行1 ...

Core Viewpoint - The release of the "Encouraging Foreign Investment Industry Catalog (2025 Edition)" aims to attract and utilize foreign investment more effectively, focusing on advanced manufacturing, modern services, high-tech, and energy-saving sectors, particularly in the central and western regions of China [1][2][4] Group 1: Structure and Changes in the Catalog - The 2025 edition of the catalog consists of two parts: a national catalog applicable nationwide and a regional catalog for central and western regions, with a total of 1,679 entries, an increase of 205 from the 2022 edition [1] - The national catalog includes 619 entries, with 100 new additions and 131 modifications, while the regional catalog has 1,060 entries, with 105 new additions and 172 modifications [1] Group 2: Focus Areas for Foreign Investment - The catalog emphasizes encouraging foreign investment in advanced manufacturing, including sectors such as nucleic acid drug development, smart detection equipment, and underwater robotics [2] - It aims to attract foreign investment in consumer services and business services to enhance the quality and diversity of consumer goods and services [2] Group 3: Regional Investment Promotion - The revised catalog aims to guide foreign investment towards the central and western regions, leveraging their advantages in machinery manufacturing, energy resource development, and logistics [3] - Specific regional entries include new projects in various provinces, such as cruise tourism in Liaoning and ice and snow equipment manufacturing in Heilongjiang [3] Group 4: Policy Incentives for Foreign Investment - Foreign investment in the encouraged sectors can benefit from several incentives, including tax exemptions on imported equipment, priority land supply, reduced corporate income tax rates in certain regions, and tax credits for reinvested profits [5]

海南自由贸易港12月18日正式启动全岛封关运作，这是中国扩大高水平对外开放的重要举措。 封关 后，海南将实施"一线放开、二线管住、岛内自由"的监管模式，旨在打造引领新时代对外开放的重要门 户。 "一线"放开后，海南自贸港"零关税"商品税目达到约6600个，比例由21%提高至74%，享惠主体范围也 大幅拓宽。有进口需求的企业，12月18日即可通过海南国际贸易"单一窗口"正式上线的"零关税"申报等 专属功能板块，自主申报。 中国世界贸易组织研究会副会长霍建国在接受21世纪经济报道专访时指出，"十五五"规划建议明确 将"高标准建设海南自由贸易港"作为推动制度型开放和自主开放的核心内容之一。自2018年提出、2019 年形成建设方案以来，海南自贸港历经数年推进，此次全岛封关运作标志着我国高水平开放进入新阶 段，以实际行动印证"中国开放的大门只会越开越大"。 霍建国表示，当前全球贸易环境复杂多变，保护主义抬头，国际贸易体系面临冲击。在此背景下，海南 自贸港对标国际最高开放标准，积极探索高水平开放路径，不仅是中国支持多边贸易体系和自由贸易的 具体体现，也对我国参与国际竞争、优化营商环境、吸引外资、支撑经济发展具有重大意义 ...

中国的社会政治稳定和国家安全是世界发展的机遇。中国多年来创造的经济快速发展的奇迹，与社会长 期稳定是有内在联系的。与此同时，中国深知发展是硬道理，安全也是硬道理。没有国家总体安全就没 有国家的持续发展。中国"十五五"时期，也是整个世界处于变乱交织加剧和不确定性增加的历史时期。 在这样的国际环境中，在中国共产党领导下，中国将延续长期保持社会政治稳定和国家总体安全的伟大 奇迹。而这个奇迹所释放的红利，不仅是全方位的，而且必将造福世界各国人民。 总之，中国的今天很辉煌，中国的明天将更辉煌。中国"十五五"提供给世界的机遇，就是中国"十五 五"释放的全球红利。（作者是原中共中央党校副校长） 在"十五五"时期，中国将进一步对接国际高标准经贸规则，以服务业为重点扩大市场准入和开放领域， 扩大单边开放领域和区域。需要指出的是，"十五五"时期的开放，是制度型的开放。例如，我们不仅缩 减外资准入负面清单，而且明确"准入又准营"，还鼓励外资在中国境内再投资。显然，这样的"中国机 遇"，正是中国向世界释放的"全球红利"。 中国超大规模市场和高水平市场经济体制是世界发展的新机遇。全球投资人和经营者中已普遍形成共 识，无论是商品还是投资 ...

（来源：中国经济导报） 转自：中国经济导报 如果将这些"找朋友"的"线"画在地球上空去俯瞰，会发现它们就如同国际航线般错综复杂，有些与我们 的联系还不够紧密。中国作为全球经济的"压舱石"之一，随着国际政治经济地位提升、分量增大，朋友 多了，同时竞争对手也多了。要成功有效应对这些合纵连横的"线"和"簇"，就不能学美国搞"小院高 墙"，而应以主动开放、制度创新和务实对接，将自身发展深度融入全球经济体系，赢得更多朋友。 要巩固"基本盘"，将周边和传统伙伴关系作为战略依托，通过升级规则保持合作吸引力；也要掌握"主 动权"，在新兴领域设置议程、提供合作解决方案；还要构筑"韧性节点"，凭借在特定领域的优势，成 为全球供应链中不可或缺的一环；更要推进"制度型开放"，通过国内改革与国际规则接轨，成为连接不 同经济板块的"桥梁"。 回看2025，展望2026，我国在参与全球经济中面临的挑战不少，但只要应对得当，未来仍会是美好的。 这一年，记者观察到国家、组织之间的合作确实空前频繁。但与谁合作，合作什么，"国各有志"。例 如，阿联酋、新西兰、新加坡、瑞士等依赖贸易的14个中小型国家建立了未来投资与贸易伙伴关系，关 注公平贸易、供 ...

Core Insights - The official launch of Hainan's full island closure operation on December 18, 2025, has not resulted in the anticipated sense of isolation but instead has generated significant consumer activity and sales growth, particularly in duty-free shopping [1][3][31] Group 1: Policy Changes and Economic Impact - The closure policy has transformed Hainan into a special customs supervision area, enhancing openness to foreign trade while maintaining internal management [5][7] - The range of zero-tariff goods has expanded from 21% to 74%, covering approximately 6,600 tariff items, which is expected to save companies about 20% in tax costs [9][11] - Ordinary residents can now purchase duty-free goods up to 100,000 yuan annually, making duty-free shopping a regular convenience rather than just a tourist benefit [13][15] Group 2: Consumer Behavior and Market Response - From December 18 to 21, Sanya's duty-free sales exceeded 100 million yuan for four consecutive days, with a total sales milestone of over 20 billion yuan achieved on December 19 [18][19] - The expansion of duty-free categories and increased discounts have significantly boosted consumer enthusiasm, with popular items including electronics and jewelry seeing substantial price reductions [21][23] - The trend of flying to Hainan for shopping has surged, with a 75% increase in flight bookings around the New Year holiday, indicating a growing interest in the region as a shopping destination [26][28] Group 3: Long-term Strategic Vision - Hainan's closure is viewed as a critical step in its development into a global leisure and vacation destination, with the potential to drive long-term growth in tourism, duty-free, and related industries [31][33] - The strategic positioning of Hainan as a hub for Southeast Asia and global markets is expected to enhance local infrastructure and attract talent, fostering a positive economic cycle [35][39] - The ongoing development of Hainan's free trade port is part of a broader commitment to open up various sectors, including healthcare and education, which will further enhance its appeal as a destination [37][40][42]