鲁比奥称，日本是美国非常亲密的盟友，中日之间的紧张关系长期存在，是亚太地区需要平衡的动态因素之一，而美国有信心找到这一平衡。他 说："我们坚信，我们能够继续与日本保持强有力、稳固的伙伴关系与同盟关系，并且以一种能够让我们继续找到与中国合作的建设性方式来实现 这一点。" 关于对华关系，鲁比奥进一步解释称，美国必须与中国维持关系。"中国如今是、未来也将是富裕强大的国家，更是地缘政治中的重要因素。美国 必须与中国维持关系、开展交往，并探寻可合作的领域。"他认为，中美双方均足够成熟，能够认识到当前及可预见的未来两国间仍会存在一些紧 张因素。不过，鲁比奥同时重申，美国与中国的合作"不会损害或以任何方式削弱美方对印太地区伙伴的坚定承诺"。 【环球时报报道 记者 李萌 刘雅婷】美国国务卿鲁比奥19日在年末新闻发布会上称，美国有信心在继续与日本保持牢固伙伴关系和同盟关系的同 时，找到与中国政府进行富有成效合作的方式。这一表态引发外界对美国亚太政策导向的关注。 综合彭博社、"美国之音"等多家美媒报道，此次新闻发布会时长约两小时，鲁比奥重点阐述了美国在缓解俄乌冲突、巴以冲突中的作用，并为美 国政府加大对委内瑞拉军事压力的举措进行 ...

Group 1 - The Japanese government is coordinating Prime Minister Fumio Kishida's visit to the U.S. to meet President Trump in spring 2024, aiming to solidify U.S.-Japan relations before Trump's visit to China in April [1][3] - Proposed dates for Kishida's visit include early January, during the opening of the regular Diet session on January 23, or after the budget approval for the fiscal year 2026 in March [1] - There are discussions within Japan about potentially meeting during the World Economic Forum in Davos in January, but Kishida's aides prefer a formal bilateral visit to discuss economic security cooperation [1] Group 2 - Kishida expressed a desire to meet Trump "as soon as possible," against the backdrop of deteriorating Japan-China relations, particularly following Kishida's controversial remarks regarding Taiwan in November [2] - In a recent phone call, Trump warned Kishida not to complicate U.S.-China relations, which left Kishida feeling quite low after the conversation [2] - Japan's Defense Minister and the U.S. Defense Secretary expressed serious concerns over radar issues, but Trump did not take a clear stance, which was perceived as being cautious of China [2]

Group 1 - The U.S. Secretary of State expressed confidence in maintaining strong ties with Japan while seeking constructive engagement with China despite rising tensions between the two Asian economies [1][3] - Rubio acknowledged the existence of friction points between China and the U.S., as well as between China and Japan, emphasizing the need to balance these relationships [3] - The U.S. aims to manage tensions with China while continuing to strengthen commitments to partners in the Indo-Pacific region [3][4] Group 2 - Rubio's statements indicate a significant shift in his stance towards China, moving from a hardline "hawk" position to a more pragmatic diplomatic approach [4] - During his tenure as a senator, Rubio had previously taken a strong stance against China, but now he emphasizes the importance of cooperation [5] - The Trump administration continues to send mixed signals regarding China, balancing diplomatic overtures with provocative actions, such as arms sales to Taiwan [5][6]

【文/观察者网 柳白】 "无论过去、现在还是未来，中国都会是一个富裕而强大的国家，我们的工作是找到与中方合作的机 会。" "我觉得我对中国一直挺友好的……" 被视作"反华急先锋"还躺在中方制裁名单里的鲁比奥，风向变了？ 香港英文媒体《南华早报》在12月20日的一篇报道中注意到，当地时间12月19日，身为美国最高外交官 的国务卿鲁比奥，在一场时长约两个小时的年终媒体吹风会上，对中国发表的言论已趋向务实，避免给 中国贴上"威胁"的标签，明显不同于他本人以往的立场，也有别于上一届政府的对华言辞，凸显他从对 华强硬的"鹰派"到务实的"外交官"的重大角色转变。 鲁比奥现任美国国务卿，同时兼任总统特朗普的国家安全事务助理一职。在吹风会上，他刻意回避了前 任国务卿布林肯曾频繁使用的"中国是美国步调威胁（pacing threat）"这一说法，转而强调需要以"负责 任的治国之道"和"成熟"的方式来管理双边关系。 他补充说："双方都足够成熟，能够认识到现在以及可预见的未来都会存在摩擦点。我们的工作……作 为负责任治国之道的一部分，就是寻找合作的机会。" "因为我认为，如果面临全球性挑战，中美两国可以携手应对。" 12月19日， ...

新华社北京12月19日电（记者董雪、孙楠）外交部发言人郭嘉昆19日在例行记者会上答问时表示，美 国"2026财年国防授权法案"渲染中国威胁，干涉中国内政，损害中国主权、安全、发展利益，中方对此 强烈不满、坚决反对，已多次向美方提出严正交涉。中方敦促美方客观理性看待中国发展和中美关系， 同中方相向而行，共同落实好中美元首釜山会晤达成的重要共识，不得实施上述法案涉华消极条款，并 消除负面影响。如美方一意孤行，中方将采取坚决有力措施，坚定捍卫自身主权、安全、发展利益。 ...

Core Viewpoint - The article argues that China is not "in trouble" as some in the U.S. claim, and the U.S. should abandon the notion of "defeating China" [1] Group 1: Economic and Trade Relations - The article highlights the U.S.'s initial confidence in defeating China in trade, which has been proven to be misplaced as China has demonstrated its strength in this area [1] - Despite the GDP gap, China leads significantly in critical future-oriented sectors such as rare earth production, solar capacity, electric vehicles, and industrial robotics [2] - A recent report from the U.S.-China Economic and Security Review Commission states that China is at the forefront of quantum communication and making rapid advancements in quantum computing and sensing [2] Group 2: Technological Advancements - China is making significant strides in chip technology, with reports indicating efforts to master lithography technology [2] - The article emphasizes China's advancements in electric vehicles, clean energy, and robotics, which are crucial for future competitiveness [2] Group 3: Military Capabilities - While the U.S. maintains the strongest military globally, China is rapidly catching up, particularly in naval capabilities with its latest aircraft carriers [3] - The article acknowledges China's economic and demographic challenges but notes that the government's "14th Five-Year Plan" is addressing these issues [3] Group 4: Soft Power and Perception - China's soft power is gaining traction in the U.S., as evidenced by the popularity of platforms like TikTok and the positive experiences of American tourists in China [3] - The article suggests that Americans are beginning to reassess China's global standing, indicating a shift in perception [3] - The article has sparked positive reactions among American netizens, advocating for more cooperation with China, while also drawing attention from Japanese netizens who criticize their own right-wing views [3]

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The price of oils and fats will fluctuate and consolidate. The domestic fundamentals are loose, and the domestic supply of oils and fats is stable. Sino-US relations are stalemated, the export of new US soybeans is frustrated, and prices are under pressure. Malaysian palm oil inventory is neutral, demand has improved, Indonesia's B40 promotes domestic consumption, and the B50 plan is expected to be implemented in 2026. The domestic fundamentals of oils and fats are neutral, and import inventory is stable [2][3][4] - The current main logic revolves around the relatively loose global fundamentals of oils and fats [5] Summary by Directory Daily Viewpoints Soybean Oil - Fundamental: MPOB report shows that in August, Malaysian palm oil production decreased by 9.8% month-on-month to 1.62 million tons, exports decreased by 14.74% month-on-month to 1.49 million tons, and end-of-month inventory decreased by 2.6% month-on-month to 1.83 million tons. The report is neutral, and the production cut is less than expected. Currently, shipping survey agencies show that the export data of Malaysian palm oil this month has increased by 4% month-on-month. Subsequently, it enters the production cut season, and the supply pressure of palm oil decreases [2] - Basis: The spot price of soybean oil is 8,240, with a basis of 438, indicating that the spot price is at a premium to the futures price [2] - Inventory: On September 22, the commercial inventory of soybean oil was 1.18 million tons, up 20,000 tons from the previous 1.16 million tons, a month-on-month increase of 20,000 tons and a year-on-year increase of 11.7% [2] - Market: The futures price is running below the 20-day moving average, and the 20-day moving average is downward [2] - Main Position: The long positions of the main soybean oil contract are decreasing [2] - Expectation: Soybean oil Y2605 will fluctuate in the range of 7,600 - 8,000 [2] Palm Oil - Fundamental: MPOB report shows that in August, Malaysian palm oil production decreased by 9.8% month-on-month to 1.62 million tons, exports decreased by 14.74% month-on-month to 1.49 million tons, and end-of-month inventory decreased by 2.6% month-on-month to 1.83 million tons. The report is neutral, and the production cut is less than expected. Currently, shipping survey agencies show that the export data of Malaysian palm oil this month has increased by 4% month-on-month. Subsequently, it enters the production increase season, and the supply of palm oil increases [3] - Basis: The spot price of palm oil is 8,420, with a basis of 52, indicating that the spot price is at a premium to the futures price [3] - Inventory: On September 22, the port inventory of palm oil was 580,000 tons, up 10,000 tons from the previous 570,000 tons, a month-on-month increase of 10,000 tons and a year-on-year decrease of 34.1% [3] - Market: The futures price is running below the 20-day moving average, and the 20-day moving average is downward [3] - Main Position: The short positions of the main palm oil contract are increasing [3] - Expectation: Palm oil P2605 will fluctuate in the range of 8,200 - 8,600 [3] Rapeseed Oil - Fundamental: MPOB report shows that in August, Malaysian palm oil production decreased by 9.8% month-on-month to 1.62 million tons, exports decreased by 14.74% month-on-month to 1.49 million tons, and end-of-month inventory decreased by 2.6% month-on-month to 1.83 million tons. The report is neutral, and the production cut is less than expected. Currently, shipping survey agencies show that the export data of Malaysian palm oil this month has increased by 4% month-on-month. Subsequently, it enters the production increase season, and the supply of palm oil increases [4] - Basis: The spot price of rapeseed oil is 9,670, with a basis of 725, indicating that the spot price is at a premium to the futures price [4] - Inventory: On September 22, the commercial inventory of rapeseed oil was 560,000 tons, up 10,000 tons from the previous 550,000 tons, a month-on-month increase of 10,000 tons and a year-on-year increase of 3.2% [4] - Market: The futures price is running below the 20-day moving average, and the 20-day moving average is downward [4] - Main Position: The short positions of the main rapeseed oil contract are increasing [4] - Expectation: Rapeseed oil OI2605 will fluctuate in the range of 8,700 - 9,100 [4] Recent利多利空Analysis - Bullish: The US soybean stock-to-use ratio remains around 4%, indicating tight supply [5] - Bearish: The price of oils and fats is at a relatively high historical level, and the domestic inventory of oils and fats continues to accumulate. The macroeconomy is weak, and the expected production of related oils and fats is high [5] Supply - Soybean oil inventory [6] - Soybean meal inventory [8] - Oil mill soybean crushing [10] - Palm oil inventory [17] - Rapeseed oil inventory [19] - Rapeseed inventory [21] - Total domestic inventory of oils and fats [23] Demand - Apparent consumption of soybean oil [12] - Apparent consumption of soybean meal [14]

Report Summary 1. Investment Rating The report does not provide an investment rating for the industry. 2. Core View The prices of edible oils are expected to fluctuate. The domestic fundamentals are loose, and the domestic edible oil supply is stable. Sino - US relations are tense, which has put pressure on the price of new US soybeans due to export setbacks. Malaysian palm oil inventory is neutral, and demand has improved. Indonesia's B40 policy promotes domestic consumption, and the B50 plan is expected to be implemented in 2026. The domestic edible oil fundamentals are neutral, and the import inventory is stable [2][3][4]. 3. Summary by Category Daily View - Soybean Oil - **Fundamentals**: MPOB report shows that Malaysian palm oil production in August decreased by 9.8% month - on - month to 1.62 million tons, exports decreased by 14.74% to 1.49 million tons, and the end - of - month inventory decreased by 2.6% to 1.83 million tons. The report is neutral, and the production cut is less than expected. Currently, the export data of Malaysian palm oil this month shows a 4% month - on - month increase. Entering the production - cut season, the supply pressure of palm oil decreases. [2] - **Basis**: The spot price of soybean oil is 8,260, with a basis of 438, indicating that the spot price is higher than the futures price, which is bullish [2]. - **Inventory**: On September 22, the commercial inventory of soybean oil was 1.18 million tons, up 20,000 tons from the previous period, a year - on - year increase of 11.7%, which is bearish [2]. - **Market**: The futures price is below the 20 - day moving average, and the 20 - day moving average is downward, which is bearish [2]. - **Main Position**: The long positions of the main soybean oil contract increased, which is bullish [2]. - **Expectation**: The soybean oil contract Y2605 is expected to fluctuate in the range of 7,600 - 8,000 [2]. Daily View - Palm Oil - **Fundamentals**: Similar to soybean oil, but entering the production - increase season, the supply of palm oil will increase [3]. - **Basis**: The spot price of palm oil is 8,420, with a basis of 78, indicating that the spot price is higher than the futures price, which is bullish [3]. - **Inventory**: On September 22, the port inventory of palm oil was 580,000 tons, up 10,000 tons from the previous period, a year - on - year decrease of 34.1%, which is bullish [3]. - **Market**: The futures price is below the 20 - day moving average, and the 20 - day moving average is downward, which is bearish [3]. - **Main Position**: The short positions of the main palm oil contract decreased, which is bullish [3]. - **Expectation**: The palm oil contract P2605 is expected to fluctuate in the range of 8,200 - 8,600 [3]. Daily View - Rapeseed Oil - **Fundamentals**: Similar to soybean oil and palm oil, entering the production - increase season, the supply of palm oil will increase [4]. - **Basis**: The spot price of rapeseed oil is 9,681, with a basis of 731, indicating that the spot price is higher than the futures price, which is bullish [4]. - **Inventory**: On September 22, the commercial inventory of rapeseed oil was 560,000 tons, up 10,000 tons from the previous period, a year - on - year increase of 3.2%, which is bearish [4]. - **Market**: The futures price is below the 20 - day moving average, and the 20 - day moving average is downward, which is bearish [4]. - **Main Position**: The long positions of the main rapeseed oil contract decreased, which is bearish [4]. - **Expectation**: The rapeseed oil contract OI2605 is expected to fluctuate in the range of 8,800 - 9,200 [4]. Recent利多利空Analysis - **Likely Positives**: The US soybean stock - to - use ratio remains around 4%, indicating tight supply. There is a tremor season for palm oil [5]. - **Likely Negatives**: Edible oil prices are at a relatively high historical level, and domestic edible oil inventories are continuously increasing. The macro - economy is weak, and the expected production of related edible oils is high [5]. - **Main Logic**: The global edible oil fundamentals are relatively loose [5].

Report Summary 1. Report Industry Investment Rating - No specific industry investment rating provided in the report. 2. Core Viewpoints - The prices of oils and fats are expected to move in a sideways consolidation. The domestic fundamentals are loose, and the domestic supply of oils and fats is stable. Sino - US relations are tense, which puts pressure on the price of new US soybeans due to受挫 exports. Malaysian palm oil inventories are neutral, and demand has improved. Indonesia's B40 policy promotes domestic consumption, and the B50 plan is expected to be implemented in 2026. The domestic fundamentals of oils and fats are neutral, and import inventories are stable [2][3][4] 3. Summary by Oil Type Soybean Oil - **Fundamentals**: The MPOB report shows that Malaysian palm oil production in August decreased by 9.8% month - on - month to 1.62 million tons, exports decreased by 14.74% to 1.49 million tons, and end - of - month inventory decreased by 2.6% to 1.83 million tons. The report is neutral, with production cuts falling short of expectations. Current shipping survey agencies show a 4% month - on - month increase in Malaysian palm oil export data this month. Entering the subsequent production - reduction season, the supply pressure of palm oil will decrease [2] - **Basis**: The spot price of soybean oil is 8,200, with a basis of 328, indicating that the spot price is at a premium to the futures price [2] - **Inventory**: On September 22, the commercial inventory of soybean oil was 1.18 million tons, up 20,000 tons from the previous period and 11.7% higher year - on - year [2] - **Market**: The futures price is trading below the 20 - day moving average, and the 20 - day moving average is downward [2] - **Main Position**: The long positions of the main soybean oil contract have decreased [2] - **Expectation**: The soybean oil contract Y2605 is expected to fluctuate in the range of 7,600 - 8,000 [2] Palm Oil - **Fundamentals**: Similar to soybean oil, the MPOB report is neutral, and production cuts are less than expected. Entering the subsequent production - increase season, the supply of palm oil will increase [3] - **Basis**: The spot price of palm oil is 8,440, with a basis of 30, indicating a slight premium of the spot price over the futures price [3] - **Inventory**: On September 22, the port inventory of palm oil was 580,000 tons, up 10,000 tons from the previous period and 34.1% lower year - on - year [3] - **Market**: The futures price is trading below the 20 - day moving average, and the 20 - day moving average is downward [3] - **Main Position**: The short positions of the main palm oil contract have increased [3] - **Expectation**: The palm oil contract P2605 is expected to fluctuate in the range of 8,100 - 8,500 [3] Rapeseed Oil - **Fundamentals**: The MPOB report is neutral, and production cuts are less than expected. Entering the subsequent production - increase season, the supply of palm oil will increase [4] - **Basis**: The spot price of rapeseed oil is 9,700, with a basis of 637, indicating a significant premium of the spot price over the futures price [4] - **Inventory**: On September 22, the commercial inventory of rapeseed oil was 560,000 tons, up 10,000 tons from the previous period and 3.2% higher year - on - year [4] - **Market**: The futures price is trading below the 20 - day moving average, and the 20 - day moving average is downward [4] - **Main Position**: The short positions of the main rapeseed oil contract have increased [4] - **Expectation**: The rapeseed oil contract OI2605 is expected to fluctuate in the range of 8,800 - 9,200 [4] 4. Recent利多利空Analysis - **利多**: The US soybean stock - to - use ratio remains around 4%, indicating tight supply [5] - **利空**: The prices of oils and fats are historically high, and domestic inventories of oils and fats are continuously increasing. The macro - economy is weak, and the expected production of related oils and fats is high [5] - **Main Logic**: The global fundamentals of oils and fats are relatively loose [5]

中国经济网北京12月17日讯(记者 马常艳)中央经济工作会议提出要"更好统筹国内经济工作和国际经贸 斗争"，该如何发力？财政部原副部长朱光耀12日在做客中国经济网《深谈》时进行了深入解读。 谈及2025年中国经济发展成绩，朱光耀说，我们有效应对各种冲击挑战，全年将顺利实现5%左右的增 长目标，经济总量预计达到140万亿元，在全球主要经济体中继续名列前茅。中国以约占世界17%的经 济体量，对全球经济增长的年均贡献率持续保持在30%左右，成为推动世界经济增长的关键动力源。 美国政府从2025年4月推出所谓"对等关税"，对多个贸易伙伴加征关税。对此，中国坚定捍卫自身发展 权益，采取了有力反制措施。朱光耀说，中国没有屈服，坚定地站在公平、公正和历史正确的一边。实 践证明，只有坚定捍卫原则立场，才能真正维护自身合法权益。 "面向未来，中美两国作为全球两个最大经济体，应在两国元首的战略指引下，让中美关系这艘'大 船'沿着正确的航向前行，携手成为世界和平与发展事业的中流砥柱。"朱光耀说。 展望2026年，全球贸易发展的复杂性与不确定性显著上升。世界贸易组织发布全球贸易展望报告称，受 全球经济复苏乏力和美国关税政策等因素影响 ...