来源：人民日报海外版 作者：王俊岭 据海关统计，2025年，我国货物贸易进出口总值45.47万亿元，同比增长3.8%，连续9年实现增长。其 中，出口26.99万亿元，同比增长6.1%；进口18.48万亿元，同比增长0.5%。总体看，中国全年进出口总 值创历史新高，将继续保持全球货物贸易第一大国地位。商务部新闻发言人何咏前表示，2025年中国外 贸顶压增长、亮点纷呈，充分展现了韧性与活力，也为全球经贸发展作出重要贡献。 "中国好物"广受欢迎 2025年，中国出口顶住了外部环境压力，实现了稳定增长。日前，在国新办举行的新闻发布会上，海关 总署副署长王军说，量的合理增长，源自质的有效提升，突出表现在以创新适配国际市场需求、以绿色 助推全球低碳转型、以合作促进共同发展3个方面。 "2025年高技术产品出口同比增长13.2%，拉动我国出口增长2.4个百分点。其中，专用装备、高端机 床、工业机器人出口分别增长20.6%、21.5%和48.7%。特别是工业机器人，去年出口超过了进口，我国 成为工业机器人的净出口国。"王军说。 同时，传统产业转型升级，不断焕发新活力。比如，中国陶瓷企业将传统技艺与海外文化相融合，样式 新颖的 ...

Core Viewpoint - The restructuring of China Petroleum & Chemical Corporation (Sinopec) and China Aviation Oil Holding Company (China Aviation Oil) aims to create a powerful entity in the energy sector, enhancing competitiveness on a global scale while aligning with China's dual carbon goals and ensuring supply chain autonomy [2][4]. Group 1: Restructuring Details - The restructuring announcement marks the beginning of a significant integration process, combining Sinopec's refining capabilities with China Aviation Oil's extensive airport network [2][3]. - A core principle of the restructuring is "professional integration," focusing on optimizing supply chain efficiency rather than merely expanding scale [3][4]. - Both companies have initiated the integration of production and procurement systems, forming working groups to streamline operations and enhance supply chain efficiency [2][5][6]. Group 2: Industry Impact - The restructuring is expected to shift competition in the aviation fuel market from channel-based competition to a comprehensive competition based on efficiency and cost across the entire supply chain [4][21]. - Smaller refining companies and independent traders are feeling pressure as the new entity may prioritize Sinopec's production capabilities, potentially reducing orders from these smaller players [13][19]. - Some companies are exploring partnerships or alliances to enhance their bargaining power in the evolving market landscape [13][19]. Group 3: User Perspective - Airlines are closely monitoring the restructuring, as aviation fuel costs represent over 30% of their total operating costs, and any changes in the supply chain could significantly impact their profitability [21][22]. - While the integration may enhance supply stability and reduce costs, airlines are concerned about their bargaining power being diminished due to the consolidation of suppliers [21][22]. - Airlines are also exploring alternative supply channels and considering sustainable aviation fuel (SAF) as a key variable in future negotiations [25][26]. Group 4: Regulatory Considerations - The new entity is expected to face scrutiny regarding market competition, with potential antitrust reviews to ensure fair practices and prevent monopolistic behaviors [27][28]. - The restructuring is seen as a critical step in China's broader state-owned enterprise reform, with success measured not just by financial metrics but by the optimization of the entire value chain [30][31].

红绸落下，金匾生辉。 1月16日，河南能源产业迎来历史性时刻——新组建的中国平煤神马控股集团有限公司揭牌成立。 一艘资产总额5900亿元的"豫字号"能源航母，就此扬帆启航。 揭牌仪式现场宣布，省政府国资委持有的河南能源集团100%股权注入平煤神马集团，重组后的中国平煤神马 集团按照省管重要骨干企业管理，由省政府国资委履行出资人职责。 这不是简单的规模叠加，而是一场谋定未来的战略重塑。 战略重组的能量，正在快速释放。 回望重组前夜，行业变局已现。煤炭行业盈利承压，25家上市煤企中23家营收下滑。全国范围内，省级能源 平台整合浪潮涌动，四川、贵州、湖南等地相继完成重组布局。河南作为能源大省，亟须破解同质化竞争、 资源分散的发展瓶颈。 立足全省产业布局，2025年9月25日，省委、省政府作出战略部署，正式启动河南能源集团与平煤神马集团战 略重组。 作为我省历史上竞争类企业资产规模最大的一次战略重组，此次强强联合，旨在通过资源整合、优势互补， 破解产业发展瓶颈，有利于煤炭产业延链补链、化工产业提质增效、新材料产业抢滩占先，推动煤炭电力保 障、清洁能源开发、风光储一体化等实现新提升，有力支撑全省现代化产业体系建设。 这 ...

Group 1 - A total of 667 suggestions were collected during the 17th Municipal People's Congress, with 661 being suggestions and 6 being converted from proposals to suggestions [1] - Among the 661 suggestions, 275 focused on improving and safeguarding people's livelihoods, 131 on enhancing urban functional quality, and 49 on building a modern industrial system [1] - The suggestions will be forwarded to relevant agencies and organizations for research and response [1] Group 2 - The conference received 13 proposals, with 1 related to agriculture and rural areas, 2 concerning environmental resources and urban construction, 3 in the field of education, and 7 regarding social construction [2] - Seven of the proposals will be merged into one for review by the Social Construction Committee after the conference [2] - The remaining 6 proposals will be converted into suggestions, criticisms, and opinions [2]

制图：党瑶 揭牌仪式现场宣布，省政府国资委持有的河南能源集团100%股权注入平煤神马集团，重组后的中国平煤神马 集团按照省管重要骨干企业管理，由省政府国资委履行出资人职责。 □本报记者 曾鸣 红绸落下，金匾生辉。 这不是简单的规模叠加，而是一场谋定未来的战略重塑。 回望重组前夜，行业变局已现。煤炭行业盈利承压，25家上市煤企中23家营收下滑。全国范围内，省级能源 平台整合浪潮涌动，四川、贵州、湖南等地相继完成重组布局。河南作为能源大省，亟须破解同质化竞争、 资源分散的发展瓶颈。 立足全省产业布局，2025年9月25日，省委、省政府作出战略部署，正式启动河南能源集团与平煤神马集团战 略重组。 作为我省历史上竞争类企业资产规模最大的一次战略重组，此次强强联合，旨在通过资源整合、优势互补， 破解产业发展瓶颈，有利于煤炭产业延链补链、化工产业提质增效、新材料产业抢滩占先，推动煤炭电力保 障、清洁能源开发、风光储一体化等实现新提升，有力支撑全省现代化产业体系建设。 这场重组，藏着"1+1>2"的深层逻辑。平煤神马手握尼龙化工、硅碳新材料的技术王牌，尼龙66盐产能稳居 亚洲前列；河南能源坐拥280余亿吨煤炭储量，基础化工 ...

近年来，落实COP26承诺指委会已部署多项重点任务并取得积极进展，应对气变体制机制和政策体 系不断完善。越南积极参与气变领域国际论坛，拓展战略伙伴关系，吸引更多资源服务国内绿色和数字 化转型进程，越来越多企业积极转向绿色投资、清洁技术和低排放发展模式，绿色、低排放发展投入力 度不断加大。当然，越南仍面临一些不足和制约因素，如动员资源未达预期，绿色发展信贷资源尚未充 分挖掘，各级各部门间协调配合仍不够协调统一等。 为进一步提升落实COP26承诺的统筹协调能力，范提出如下要求：应对气变须以人民和企业为中 心、主体、目标、动力和资源；持续完善应对气变体制；制定动员资金的机制和政策；建立吸收先进绿 色技术的制度；构建国家绿色发展与智慧发展治理模式；制定绿色发展人力资源政策体系；加快推进温 室气体减排，尽早试点实施排放配额分配，落实国家自主贡献（NDC）；为国内碳市场投入运行做好 准备，交换减排成果和碳信用额度；加速推进交通电气化，发展绿色交通和绿色基础设施。 范表示，作为受气候变化影响最严重国家之一的越南必须采取更加有力、有效的应对和适应措施。 2025年，越南共遭受21场台风和热带低压影响，造成420人死亡、730 ...

Core Viewpoint - New materials are the cornerstone of global technological revolution and industrial transformation, with significant implications for high-end manufacturing and emerging industries. Major economies are integrating new materials into their national strategies to secure competitive advantages and ensure supply chain safety [2]. Group 1: United States - The U.S. focuses on maintaining its global leadership in advanced materials, emphasizing digital-driven research and strategic breakthroughs in areas like semiconductors and quantum technology [4]. - The U.S. has invested over $40 billion in the National Nanotechnology Initiative, which has led to significant advancements in nanotechnology and the rapid development of emerging industries [4][6]. - The U.S. aims to reduce the average research and development cycle for new materials by 45% through AI-driven initiatives and has established a $1 billion project for sustainable semiconductor materials [6]. Group 2: Japan - Japan emphasizes enhancing material innovation capabilities, focusing on high-end materials and data-driven research to maintain its global market share [8][9]. - The Japanese government allocated 123 billion yen for semiconductor-related plans in 2024, aiming to boost domestic semiconductor sales significantly by 2030 [10]. - Japan's National Institute for Materials Science is integrating AI to predict material properties, enhancing the reliability of electronic materials [11]. Group 3: China - China aims for high-quality development in the new materials industry, focusing on strategic materials and leveraging vast application scenarios for industrialization [14]. - The country has established a comprehensive policy framework to support new materials, including a guide covering 299 types of new materials to facilitate their application [15][16]. - China leads in the production of rare earth functional materials and advanced energy storage materials, with a significant market share in superhard materials [16]. Group 4: European Union and Core Member States - The EU aims to become a global leader in materials science, focusing on green and digital transitions while ensuring regional supply chain security [18]. - The EU has initiated the European Green Deal and the Critical Raw Materials Act to enhance the circular economy and local sourcing of critical materials [18][19]. - The EU's Horizon Europe program allocated €3 billion for new materials research, emphasizing biobased and two-dimensional materials [19]. Group 5: Germany - Germany integrates new materials with its industrial base, particularly in automotive and high-end equipment manufacturing, focusing on lightweight and smart materials [22]. - The country invests over €1 billion annually in automotive lightweight materials research, aiming for significant weight reductions in vehicles [22]. - Germany's advanced ceramics hold a global market share of approximately 12-15%, widely used in automotive and aerospace applications [22]. Group 6: France - France focuses on aerospace and renewable energy sectors, enhancing high-performance composite materials and energy storage materials through dedicated funds [23]. - The French government established a €1.5 billion fund for aerospace materials, collaborating with Airbus on carbon fiber composites [23]. - France leads in aerospace structural materials, holding a significant market share in the European market [23]. Group 7: Sweden - Sweden emphasizes low-carbon technologies, focusing on green steel and biobased materials, leveraging local resources for production [24]. - The country achieved large-scale production of green steel, aiming to meet low-carbon demands in automotive and construction sectors [24]. - Sweden's biobased materials technology is leading in Europe, with a significant market share in wood-based materials [25]. Group 8: United Kingdom - The UK aims to enter the "Materials 4.0" era, focusing on digitalization and sustainable materials through integrated research and development [26]. - The UK government has invested £800 million in a materials digitalization platform to enhance research efficiency [28]. - The UK is a leader in quantum materials and hydrogen storage materials, with significant advancements in biocompatible materials [28]. Group 9: South Korea - South Korea targets core material localization and supply chain autonomy, closely aligning with its semiconductor and battery industries [30]. - The country has set ambitious goals for domestic production of semiconductor materials, aiming for an 85% localization rate by 2030 [32]. - South Korea's battery materials hold over 30% of the global market share, with significant advancements in silicon-based anode materials [32]. Group 10: Brazil - Brazil leverages its mineral and agricultural resources to focus on lithium processing and biobased materials, integrating its materials industry with renewable energy [38]. - The Brazilian government has established a fund to support lithium material industries, attracting international investments [39]. - Brazil aims to become a top-three global supplier of lithium materials by 2030, with significant market shares in biobased materials [40]. Group 11: India - India emphasizes localized manufacturing of materials, focusing on semiconductors and photovoltaic materials to support its electronics and renewable energy sectors [41]. - The Indian government has launched initiatives to attract investments in semiconductor materials, offering substantial incentives [42]. - India aims for a 40% localization rate in semiconductor materials by 2027, leveraging its demographic advantages for cost-effective production [42]. Group 12: New Material Technology Development Trends - AI is expected to exponentially enhance the speed of new material research and development, integrating data-driven approaches into material design [46]. - Modern material manufacturing techniques are evolving towards atomic-scale control, enhancing material properties through nanoscale innovations [47]. - The demand for materials capable of performing under extreme conditions is driving the development of multifunctional materials [48]. - The green transformation of material production and application is becoming increasingly important, with a focus on sustainability and lifecycle assessment [50]. - The diversification of cutting-edge material technology routes is evident, with multiple approaches being explored for quantum computing and storage materials [51]. Conclusion - The global competition in the new materials industry is fundamentally a contest of national strategic intent, technological innovation, and resource endowment. The focus on strategic areas, technological empowerment, green transformation, and supply chain security will shape the future landscape of the new materials industry [52][53].

一、下调各类结构性货币政策工具利率0.25个百分点。各类再贷款一年期利率从目前的1.5%下调到 1.25%，其他期限档次利率同步调整。 二、将支农支小再贷款与再贴现打通使用，增加额度，并单设民营企业再贷款。合并使用支农支小再贷 款与再贴现额度，增加支农支小再贷款额度5000亿元，总额度中单设一项民营企业再贷款，额度1万亿 元，重点支持中小民营企业。 三、增加科技创新和技术改造再贷款额度并扩大支持范围。将科技创新和技术改造再贷款额度从8000亿 元，增加4000亿元至1.2万亿元，并将研发投入水平较高的民营中小企业等纳入支持领域。 根据当前经济金融形势需要，人民银行将先行推出两方面政策措施：一方面是下调各类结构性货币政策 工具利率，提高银行重点领域信贷投放的积极性。另一方面是完善结构性工具并加大支持力度，进一步 助力经济结构转型优化。 具体内容： 国务院新闻办公室于1月15日下午举行新闻发布会。中国人民银行发布多项金融政策，支持实体经济高 质量发展。 四、合并设立科技创新与民营企业债券风险分担工具。将此前已经设立的民营企业债券融资支持工具、 科技创新债券风险分担工具合并管理，合计提供再贷款额度2000亿元。 五 ...

每日观点 今日沪深三大指数震荡运行，两市成交较昨日小幅放量升至3万亿以上，但资金交易热度较前期仍有所 降温。两融余额继续放量，昨日站上2.7万亿。昨日央行披露12月金融数据，新增贷款9100亿较为超预 期，较11月环比显著增长，其中对公增量明显，这或与部分26年项目储备提前释放有关。获益于贷款较 好，社融、M2表现均略好于预期。昨天下午国新办发布会，央行对后续货币政策定调，强调"高质量发 展+精准滴灌"，结构大于总量，宣布下调再贷款、再贴现利率25bp，增加科创领域的支持力度，从支 持小微企业扩展到支持民营企业。明确"降准降息仍有空间"，但不急于行动，留出观察窗口。国内权益 市场方面，短期市场热度或有所降温，中期或回归基本面逻辑。 消息面 【博时市场点评1月16日】两市震荡收跌，成交超3万亿 1月15日，中国人民银行在国务院新闻办公室发布会上宣布推出八项具体政策措施。核心内容包括：下 调各类结构性货币政策工具利率0.25个百分点；增加支农支小再贷款额度5000亿元，并单设1万亿元民 营企业再贷款；将科技创新再贷款额度提升4000亿元至1.2万亿元，并扩大支持范围；下调商业用房购 房贷款最低首付比例至30%。 ...

Core Viewpoint - Inner Mongolia Transportation Group has undergone significant restructuring and reform since June 2023, focusing on enhancing infrastructure investment, optimizing management, and expanding into new strategic industries to become a leading modern transportation enterprise in China [1][2][18] Group 1: Infrastructure Development - The company has implemented 23 road projects during the 14th Five-Year Plan, investing a total of 57 billion yuan and constructing 2,356 kilometers of roads to support the development of a comprehensive transportation network in Inner Mongolia [6] - Major projects include the G65 Baomao Expressway and G5511 Jiala Expressway, which alleviate traffic pressure and enhance connectivity, earning multiple quality awards [6] Group 2: Reform and Governance - The company emphasizes deepening state-owned enterprise reform, focusing on internal self-revolution to enhance competitiveness and governance [2] - A scientific governance structure has been established, integrating party leadership into corporate governance, optimizing the roles of the board and management [2] Group 3: Market Expansion - The company has adopted a "going out" strategy, significantly increasing its market presence with 697 new projects in 2025, a growth of 80.1% year-on-year, and a contract value of 33.588 billion yuan, up 236.79% [15] - It has also expanded into international markets, successfully bidding for projects in Mongolia, Saudi Arabia, and Jamaica, marking its first entry into North America [16] Group 4: Technological Innovation - The company has invested 1.57 billion yuan in R&D during the 14th Five-Year Plan, establishing a national postdoctoral research station and numerous innovation platforms, resulting in significant technological advancements [7] - The "Mengma Charging" platform has rapidly developed, establishing 7,260 charging points and achieving over 520,000 registered users by early 2025 [11][13] Group 5: Green Transformation - The company is focusing on green energy development, having built 33 new energy heavy truck charging stations and 11 distributed photovoltaic power stations, contributing to the dual carbon goals [11][14] - It has also initiated a comprehensive energy supply system to support national energy security and low-carbon development in Inner Mongolia [14] Group 6: Quality and Service Improvement - The company has allocated 5.59 billion yuan for road maintenance, achieving a road performance index of 92.22, ensuring high service quality [8] - It has also upgraded service areas to meet star standards, enhancing customer experience and promoting local products [8]