民爆行业需求支撑坚实 竞争格局向产业链协同转型 在谈及"民爆行业未来发展趋势"时，公司指出，下游矿山行业正加速智能化、绿色化转型升级，"十五 五"期间国内煤炭、铁矿、铜矿等主要矿种开采量预计稳中有升，为民爆行业提供长期需求支撑。同 时，矿山开发呈现集约化、深部化发展特征，对民爆产品性能及爆破技术提出更高要求。 公司认为，行业竞争格局已从传统产能竞争转向产业链协同与海外布局，未来民爆企业需加快国际化步 伐，通过技术创新与产业链整合提升竞争力。 核心调研内容解读 新疆煤炭产量稳健增长 公司区域项目贡献显著 针对"三季度新疆地区煤炭产量趋势"的提问，公司表示，根据国家统计局数据，2025年1-9月全国原煤 累计产量35.70亿吨，同比增长2.0%；其中新疆地区累计原煤产量4.01亿吨，占全国总产量的11.22%， 同比增长4.1%，增速持续领先国内主要产煤省份。尽管7-9月新疆煤炭产量受超产核查等政策性因素影 响同比小幅下降，但整体仍保持稳定增长态势。 公司同时透露，前三季度其在新疆区域承接的矿山施工总承包项目业务量连创新高，为公司稳增长提供 了坚实保障。后续公司将持续加强与业主方沟通协调，动态调配履约资源，全力保 ...

Core Insights - The 23rd Guangdong-Hong Kong-Macao major chamber of commerce roundtable meeting was held in Hong Kong, focusing on economic cooperation and development opportunities in the Greater Bay Area [3][4]. Group 1: Meeting Themes and Discussions - The meeting's theme was "Joining Hands to Go Global and Expand Business Opportunities," with discussions centered on utilizing Hong Kong's international platform to build a high-quality Greater Bay Area and promoting element connectivity to initiate new development momentum [3][4]. - Suggestions included leveraging the Northern Metropolis development to enhance innovation collaboration and establishing a division of labor between research and manufacturing in the Greater Bay Area [3][4]. Group 2: Recommendations and Strategic Initiatives - Recommendations from the meeting included optimizing the business environment in the Greater Bay Area by utilizing Hong Kong's legal services for international cooperation and arbitration [4]. - The need for enhanced collaboration among the three regions' chambers of commerce was emphasized to guide enterprises in exploring international markets effectively and safely [4][5]. Group 3: Industry Collaboration and Development - The meeting highlighted the importance of integrating cultural and tourism resources across the Greater Bay Area to create world-class tourist destinations [5]. - The establishment of a "Bay Area Joint Fleet" was proposed to enhance global resource allocation capabilities and support enterprises in participating in initiatives like the Belt and Road and RCEP [4].

Group 1: Coal Production Trends - In the first nine months of 2025, China's total raw coal production reached 3.57 billion tons, a year-on-year increase of 2.0% [1] - Xinjiang's coal production was 401 million tons, accounting for 11.22% of the national total, with a year-on-year growth of 4.1% [1] - Despite a slight decline in production from July to September due to policy-related reductions, Xinjiang's coal output remains on a stable growth trajectory [1] Group 2: Future of the Explosives Industry - The explosives industry is expected to undergo structural optimization through integration and reorganization during the 14th Five-Year Plan period [2] - The demand for explosives is supported by a steady increase in mining activities, particularly in coal, iron, and copper mining [2] - The industry is shifting from capacity competition to collaborative industrial chain strategies and international expansion [2] Group 3: Overseas Market Expansion - The company has actively engaged in international business development, aligning with the Belt and Road Initiative, with projects in Namibia, Liberia, and Malaysia [3] - In 2025, the company secured overseas contracts exceeding 2 billion yuan, with profits showing double-digit growth year-on-year [3] - Future plans include deepening market penetration in South Africa, West Africa, South America, and the Asia-Pacific region [3] Group 4: Competitive Advantages in International Markets - The company operates in eight countries and regions, holding explosive production licenses in three countries [4] - A high-quality international team and rich operational experience enhance the company's competitive edge [4] - The company aims to leverage national policies and global mining partnerships to expand its international market presence [4] Group 5: Key Project Progress - In the first three quarters of 2025, the company achieved significant revenue growth from key projects, exceeding operational targets [4] - The net profit attributable to shareholders, excluding regular losses, reached 622 million yuan, reflecting a year-on-year increase of 21.95% [4] - The company plans to accelerate the implementation of signed projects to ensure regional project advancement [4]

Core Insights - Southeast Asia is emerging as a new target for financial leasing and financing leasing companies looking to expand internationally, with various projects in engineering and machinery equipment [1][2] - The "14th Five-Year Plan" period is expected to drive further industrial upgrades in China, making overseas financing leasing beneficial for high-quality industrial financial development [1] - The region's labor cost advantages, free trade agreements, and stable policy environment are attracting significant foreign investment, particularly in electronics and manufacturing [1][3] Group 1: Market Opportunities - Several Chinese leasing companies are already exploring opportunities in Southeast Asia, with notable projects such as the cross-border leasing of construction equipment to Indonesia [2] - Indonesia's financing leasing market is projected to exceed $35 billion in 2024, with a year-on-year growth rate of over 20%, providing a solid foundation for Chinese leasing companies [2] - Vietnam is also becoming a key market, with an average GDP growth rate of 5% to 7% and significant foreign investment in electronics, textiles, and manufacturing [3] Group 2: Industry Growth and Support - The Shanghai Lingang New Area has attracted over 700 financial and investment enterprises, with a compound annual growth rate of over 50% in foreign and domestic currency transactions, enhancing support for cross-border financing needs [4] - The Chinese Ministry of Commerce reported that direct investment in ASEAN countries grew by 12.6% in 2024, primarily directed towards Singapore, Indonesia, and Thailand, focusing on leasing and business services [3] Group 3: Challenges and Solutions - Despite the growth potential, challenges such as strict domestic capital outflow approvals, high overseas financing costs, and underdeveloped financial environments in Southeast Asia pose significant hurdles for leasing companies [5][7] - Financial technology is seen as a crucial support for overseas leasing, helping to meet regulatory standards and reduce local operational costs [5] - The need for stronger financial capabilities and risk management skills is emphasized, as many leasing companies lack the necessary resources to engage in cross-border leasing effectively [7]

一只来自挪威的鲜活面包蟹、一颗"昨天落果今天到馆"的榴莲、一盒跨洋72小时直达的鲜奶、一根 从百余个品种中科学选育的香蕉……在刚刚结束的第八届中国国际进口博览会（以下简称"进博会"） 上，消费者可以在农食产品展区一天"吃遍"全球。作为进博会参展企业最多、来源最广的展区之一，农 食产品展区不仅描绘了一幅健康、丰富的"中国餐桌"新图景，也为中国高水平对外开放注入了强劲的经 贸活力。 从全球农场到中国餐桌 本届进博会，以"从全球农场到中国餐桌"为主题的农食产品展区规模创历届之最，参展企业超过 2000家。 11月7日，在进博会挪威国家馆举行的挪威海产媒体见面会上，挪威国务秘书汉娜-贝里特·布瑞克 宣布，挪威鲜活面包蟹正式获准进入中国市场。这也是继去年活雪蟹之后，又一挪威鲜活虾蟹类海产品 获准入华。 "挪威海产始终将中国视为最具潜力和活力的市场之一。根据2025年前九个月的出口情况，今年挪 威海产对华出口额预计将有望突破125亿挪威克朗。"挪威海产局中国总监毕思明表示，"为进一步抓住 中国市场的增长机遇，明年我们的市场预算预计将提升70%。我们期待通过持续的投入，携手中国合作 伙伴，让更多来自挪威纯净海域的优质海产走 ...

Group 1: China's Export Share Decline - As of July this year, China's global export share has slightly decreased from 16.1% in 2024 to 15.7%[7] - The total global export volume is approximately $13.58 trillion, with China's exports around $2.13 trillion[7] - The decline in China's export share is primarily driven by a 0.5 percentage point drop in the North American market and a 0.1 percentage point decrease in the European market[12] Group 2: Africa's Role in Mitigating China's Export Decline - Africa has compensated for part of China's export share decline, with both Asia and Africa each recovering 0.1 percentage points[13] - From 2018 to July 2025, China's export share to Africa and Latin America has increased by nearly 4 percentage points[16] - Key countries contributing to this growth include Nigeria and Liberia, with a combined increase of 0.27 percentage points in export share[23] Group 3: Export Growth to Africa - In the first three quarters of this year, China's exports to Africa increased by approximately 26%, reaching $163.2 billion, surpassing the total for 2021[21] - The main products exported to Africa include machinery and electrical equipment, metals, textiles, vehicles, and ships, with vehicles and ships showing the fastest growth rates[27] - The share of vehicles in exports to Africa rose from 8% in 2024 to 10% in 2025, with a growth rate of 64%[31] Group 4: Risks and Challenges - Potential risks include insufficient policy support for growth, lower-than-expected global economic conditions, and unexpected trade frictions[32]

Group 1: Trade Growth - The total import and export volume of Changji Prefecture from January to September increased by 42.5% year-on-year, with exports growing by 47.3% and imports by 24.2% [1] - Changji Prefecture is positioned as an important hub on the New Silk Road, promoting open and win-win cross-border trade [1] Group 2: Support for Enterprises - The establishment of the "Chimkent Overseas Warehouse" and "China-Kazakhstan (Chimkent) Industrial Park" in Kazakhstan aims to facilitate the "going out" strategy for enterprises, integrating production and cross-border trade [2] - The local tax authority provides personalized guidance and dynamic risk alerts to support enterprises in navigating cross-border tax issues [2] Group 3: Financial Support and Tax Policies - Xinjiang New Aluminum Industry Co., Ltd. has established sales subsidiaries in Kazakhstan and received over 8 million yuan in export tax rebates, enhancing its market competitiveness [3] - The tax authority has optimized the export tax rebate process, implementing measures like "reporting and reviewing simultaneously" and "paperless tax filing" to facilitate enterprise operations [3] Group 4: Credit Value Enhancement - Xinjiang Lanshan Tunhe Energy Co., Ltd. leverages its A-level tax credit status to streamline its international market expansion, ensuring compliance in all operational processes [4] - The tax authority has implemented a mechanism to assist enterprises in correcting non-compliance issues and provides a "green channel" for A-level taxpayers, enhancing the overall efficiency of tax services [4]

Core Insights - During the "14th Five-Year Plan" period, Guangxi's foreign trade has significantly increased, with total trade expected to reach 7,563.9 billion yuan by 2024, up from 5,930.6 billion yuan in 2021, marking a substantial growth trajectory [1][2] - The region has seen a remarkable rise in cross-border e-commerce, with exports projected to exceed 55 billion yuan by 2024, up from approximately 3 billion yuan in 2020, indicating a shift in trade dynamics [1][6] Trade Growth - Guangxi's foreign trade total has risen from 5,930.6 billion yuan in 2021 to a projected 7,563.9 billion yuan in 2024, reflecting a robust growth trend [2][3] - In the first ten months of 2025, Guangxi's foreign trade reached 6,503.5 billion yuan, representing a year-on-year increase of 12.1% [2] Sector Performance - Exports of lithium batteries surged to 20.54 billion yuan, up 76.6% year-on-year, while printed circuit exports increased by 225.8% [2] - The automotive sector also showed strong performance, with exports of vehicles and parts rising by 22.2% and 43.7% respectively [2] Port Efficiency - The efficiency of port operations has improved, with the average waiting time for large vessels reduced by 2.66 hours due to innovative customs regulations [3] - The cargo volume of the Western Land-Sea New Corridor increased by 70.3% year-on-year, demonstrating enhanced logistics capabilities [3] Business Expansion - Guangxi enterprises are actively participating in international trade fairs, leading to significant orders, such as a 900 million USD order for elevators from Ethiopia [4][5] - The "Hundred Exhibitions and Thousand Enterprises" initiative has facilitated faster market entry for local businesses into overseas markets [5] E-commerce Development - The establishment of the China (Nanning) Cross-Border E-Commerce Comprehensive Pilot Zone has led to a streamlined process for package sorting and shipping, enhancing export capabilities [6] - The region's cross-border e-commerce exports are expected to grow from approximately 3 billion yuan in 2020 to over 55 billion yuan by 2024, increasing its share of total foreign trade from 0.7% to over 7% [6] International Cooperation - Various international cooperation zones have been established, attracting numerous enterprises and fostering industrial clusters in sectors such as machinery, logistics, and food processing [7] - The Guangxi region is actively engaging in the Belt and Road Initiative, enhancing its global trade relationships and foreign investment [6][7]

Core Viewpoint - The article highlights Saudi Arabia's significant challenge of desertification and its ambitious plan to plant 10 billion trees, alongside China's successful desertification control experiences that serve as a valuable reference for global efforts [1][5][6]. Group 1: Saudi Arabia's Initiatives - Saudi Arabia is implementing a comprehensive plan to combat desertification, which includes planting 10 billion trees and restoring degraded land [1]. - The Jeddah Comprehensive Development Project, constructed by China Harbour Engineering Company, aims to plant over 500,000 trees of 93 species, including Phoenix trees and Ficus microcarpa [1][2]. - The project has established a nursery equipped with an intelligent irrigation system to create an ideal environment for plant growth, effectively reducing high temperatures and maintaining soil moisture [1][4]. Group 2: Technological Innovations - The project team has developed a smart water and fertilizer integration system tailored for local conditions, which has doubled the cultivation efficiency and achieved a survival rate of 95% for over 30,000 cultivated seedlings [4]. - The intelligent irrigation system addresses the high salinity and suspended solids in local water sources, which could harm plant roots if used directly [2][4]. Group 3: International Collaboration - Saudi Arabia's government is deepening cooperation with Chinese green enterprises in desertification prevention, including a strategic partnership with Chinese desertification control companies [5]. - The establishment of the China-Arab International Research Center for Drought, Desertification, and Land Degradation during the Kubuqi International Desert Forum indicates a commitment to further collaboration in combating desertification [5].

访问期间，刘国中还同贾洛共同出席了中国－塞拉利昂联合成功抗击埃博拉十周年活动、援塞渔码头揭 幕仪式、中塞农业领域合作图片展。 刘国中请贾洛转达习近平主席对比奥总统的亲切问候。他表示，去年习近平主席同比奥总统两度会晤， 为中塞关系发展指明了方向。中方愿同塞方落实好两国元首重要共识，巩固友好互信，加强相互支持。 双方应共同用好习近平主席宣布的零关税政策机遇，促进各领域特别是农渔业合作提质增效。今年是中 国援非成功抗击埃博拉疫情十周年，两国要继续开展好医疗卫生领域合作，更好造福民众。中塞同为发 展中国家，应在国际事务中密切协调配合，积极落实全球治理倡议，共同捍卫国际公平正义。 贾洛转达比奥总统对习近平主席的诚挚问候，热烈欢迎代表团来访。他表示，塞中建交以来，政治互信 持续深化，双边合作成效显著。塞方感谢中方在埃博拉疫情期间给予无私援助，将坚定恪守一个中国原 则，同中方深化共建"一带一路"合作，推动中非合作论坛北京峰会十大伙伴行动不断结出新的硕果。 新华社弗里敦11月14日电（记者高剑飞）11月12日至14日，中共中央政治局委员、国务院副总理刘国中 应邀访问塞拉利昂。访问期间，刘国中同塞副总统贾洛会见，双方就中塞关系 ...