阳光与阴影总是相伴相生，动力与阻力总是相依相随。经济全球化是不可逆转的历史大势，但逆全球化 也如影随形。一方面，科技革命大发展，市场分工大拓展，推动生产力快速发展，全球化加速向前，动 力更足；另一方面，全球发展失衡，贫富鸿沟扩大，全球治理赤字，全球化阻力增大。同时，有的国家 即使在全球化中获益，但漠视贫富差距，国内政策调节不足，生产关系变革滞后于生产力发展，上层建 筑不适应新的经济基础，民族主义、民粹主义抬头，加剧了逆全球化声浪。其中的关键变量，是中美开 放态度的180度大转弯：美国从20年前的动力变为阻力，中国正从助力变成主力，但引领力尚需累积。 经济全球化曾经被人们视为阿里巴巴的山洞，现在又被不少人看作潘多拉的盒子，正处在冷战结束以来 的艰难时刻。 全球化遭遇料峭春寒，三年新冠疫情全球大流行，地缘冲突热点不断，重创全球生产，削弱世界需求， 全球供应链产业链价值链遭受割裂，系统性风险增大。不少国家开始向内转，本土化、区域化、安全化 势头明显，单边主义、保护主义持续升温，友岸、近岸成为结盟围堵的借口，各自为阵、甩锅推责成为 常态，危及自由贸易等全球化进程。歧路徘徊之际，有识之士不禁要问：全球化将走向何方？是共 ...

Core Viewpoint - The 2025 Tsinghua Wudaokou Global Financial Forum emphasizes the need for an open and inclusive economic and financial system to enhance resilience amid global economic uncertainties [1][2] Group 1: Economic and Financial Stability - The forum aims to address the challenges posed by a rapidly changing international environment, economic transformations, and technological innovations [1] - Strengthening economic and financial stability is deemed crucial for improving resilience during uncertain times [1] Group 2: China's Role in Global Economy - China has been a major contributor to global economic growth and stability, advocating for true multilateralism and actively participating in global economic governance [1][2] - The country is transitioning from a rule follower to a reformer in global governance, focusing on high-quality development to counter external uncertainties [1] Group 3: Financial Development Initiatives - The Central Financial Work Conference has introduced five key areas for financial development: technology finance, green finance, inclusive finance, pension finance, and digital finance [2] - These areas are seen as new driving forces for high-quality financial development in China [2] Group 4: Forum Significance - The Tsinghua Wudaokou Global Financial Forum, initiated in 2014, has become a significant platform for international academic and policy exchange in finance [2] - This year's forum attracted nearly a hundred high-level political and economic leaders and experts to discuss pressing topics such as the global monetary system and challenges of economic fragmentation [2]

金十数据5月16日讯，5月16日，外交部发言人林剑主持例行记者会。有记者提问，联合国15日发布了 《2025年全球经济形势与前景年中更新》报告，认为关税上调与贸易政策不确定性导致全球经济前景恶 化，给国际社会特别是发展中经济体带来多重挑战。林剑表示，我们注意到了这份报告。当前，多边主 义、自由贸易面临严峻挑战。全球经济越面临风险，越需要以开放应对挑战，以合作化解分歧。中国始 终坚持高水平对外开放，政策环境透明、稳定、可预期。我们致力于为各国企业提供市场化、法治化、 国际化的一流营商环境，致力于将自身超大规模市场打造为世界共享大市场，致力于推动普惠包容的经 济全球化。"开放的中国永远是世界的机遇。"林剑说。 （北京日报） 外交部：开放的中国永远是世界的机遇 ...

Group 1 - The core viewpoint of the news emphasizes the importance of maintaining healthy and stable economic and trade relations between China and the United States, which is beneficial not only for the two countries but also for global economic growth [1][3] - The recent Geneva trade talks resulted in significant agreements, including the cancellation of 91% of tariffs by both sides, indicating a constructive dialogue and substantial progress [1][3] - The World Trade Organization's Director-General highlighted that the progress made in the China-U.S. trade talks is crucial for other countries, especially the most vulnerable economies [1] Group 2 - China is recognized as a leading force in promoting trade and investment liberalization in a world facing unilateralism and instability, with foreign leaders acknowledging China's role in providing stability [3][5] - The country is committed to expanding its high-level opening-up strategy, including the establishment of free trade agreements and the construction of high-standard free trade zones [3][4] - The Regional Comprehensive Economic Partnership (RCEP) is noted as the largest free trade agreement globally, marking a significant milestone in Asia-Pacific economic integration [4] Group 3 - China's trade with ASEAN is projected to exceed $980 billion in 2024, with both parties being each other's largest trading partners for five consecutive years [4] - The establishment of free trade agreements with countries like Azerbaijan and Switzerland reflects China's proactive approach to enhancing trade and investment cooperation [4][5] - The free trade pilot zones and ports are essential for optimizing China's regional opening-up and promoting high-level foreign trade [6][7] Group 4 - The Hainan Free Trade Port is entering a new phase of development, aiming to become a significant gateway for China's new era of opening-up [7] - The reduction of the foreign investment negative list and the implementation of favorable policies are designed to create a market-oriented and law-based business environment [7][11] - China's commitment to mutual benefit and win-win cooperation is evident in its trade practices, which aim to enhance global economic stability [8][11] Group 5 - The news highlights China's role in advocating for open trade and its efforts to create a fair and inclusive global economic environment [12][14] - The country is actively participating in global economic governance and promoting a multilateral trading system, which is essential for addressing global challenges [12][14] - China's initiatives, such as the Belt and Road Initiative and various trade fairs, demonstrate its commitment to fostering international cooperation and shared prosperity [14][15]

Core Viewpoint - The article discusses the implications of the recent US-China Geneva trade talks, highlighting the significant reduction of tariffs by both countries and the broader context of the US's retreat from global economic engagement while simultaneously seeking to maintain control over international trade dynamics [2][4][6]. Group 1: US-China Trade Relations - The US and China agreed to mutually cancel 91% of their additional tariffs, with the US also suspending 24% of "reciprocal tariffs" [2]. - This agreement is seen as a response to the expectations of producers and consumers in both countries, aligning with their interests and those of the global community [2]. Group 2: US Economic Isolation - Over the past 20 years, the US economy has gradually distanced itself from the global economy, with a notable decline in trade dependency compared to the global average [7][9]. - The US's trade agreements from 2000 to 2023 (14 agreements) lag significantly behind the EU (49), China (22), and Japan (19), indicating a reduced engagement in international trade [9][10]. Group 3: Investment Trends - From 2014 to 2023, the US has seen limited greenfield investment, with most years failing to exceed $10 billion, contrasting sharply with the EU's performance [10][11]. - The share of US companies in global foreign investment has dropped from a historical peak of 30% to a record low of 14% in 2023, reflecting a trend of reduced overseas engagement [11]. Group 4: Political and Economic Dynamics - The rise of economic inequality in the US has fueled populism, leading to a political narrative that blames external factors for domestic economic issues [13][18]. - Both major political parties in the US have shifted towards emphasizing industrial policy and trade restrictions, aiming to create more domestic manufacturing jobs and reduce reliance on foreign economies [18][20]. Group 5: Global Trade Landscape - The article suggests that the US's attempts to regain control over global trade through tariffs may backfire, as other nations are less likely to acquiesce to US pressure [27]. - The absence of US participation in global trade may not lead to a collapse of the economic order; instead, it could encourage other countries to establish alternative cooperative mechanisms [27][28].

Group 1: Domestic Policy Developments - President Xi Jinping's state visit to Russia and participation in the 80th anniversary of the victory in the Great Patriotic War emphasized the deepening of strategic cooperation between China and Russia [10][11] - The State Council meeting led by Premier Li Qiang focused on planning key economic and social development tasks for the 14th Five-Year Plan period, aligning with the central government's strategic intentions [12][13] - The People's Bank of China announced a series of monetary easing measures, including a reduction in the reserve requirement ratio and interest rates, aimed at stabilizing the economy [14][22] Group 2: International Trade and Economic Relations - The high-level economic talks between China and the U.S. in Geneva resulted in a significant reduction of bilateral tariffs, marking a constructive step in trade relations [19][20] - The G20 Trade and Investment Working Group meeting highlighted China's commitment to expanding high-level opening-up and promoting inclusive economic globalization [15][21] - The recent easing of tariff pressures between China and the U.S. is expected to positively impact global economic stability and development [20][21] Group 3: Equity Market Analysis - The A-share market rebounded significantly due to the easing of tariff pressures and economic stabilization measures, with the ChiNext and Shenzhen Composite Index rising by 3.27% and 2.88% respectively [23] - Southbound capital flows turned positive, with a total inflow of 6.775 billion yuan from May 6 to May 9, indicating renewed investor confidence [23] - The MSCI China A-share Index experienced a slight rebound of 1.94% following the positive developments in trade relations [23] Group 4: Fixed Income and Monetary Policy - The People's Bank of China implemented a series of ten monetary policy measures to enhance liquidity and support economic recovery, including a 0.5 percentage point reduction in the reserve requirement ratio [24][27] - The central bank's first-quarter monetary policy report indicated a GDP growth of 5.4% year-on-year, reflecting a solid economic recovery [25][26] - The report emphasized the need for a balanced approach in monetary policy to support the real economy while maintaining financial stability [26]

Core Viewpoint - The article emphasizes the historical significance of the China-Russia relationship, particularly in the context of commemorating the 80th anniversary of the Soviet Union's victory in the Great Patriotic War, highlighting the shared sacrifices and mutual support between the two nations [1][2][4]. Group 1 - The visit of President Xi Jinping to Russia is framed as a moment to honor the historical contributions of China and the Soviet Union to the victory over fascism, reinforcing the deep-rooted friendship between the two countries [1][2]. - The article reflects on the importance of historical memory and truth, asserting that the high-level development of China-Russia relations is built on the foundation of their shared wartime experiences and mutual support [2][4]. - The presence of military parades and the performance of the song "Katyusha" symbolize the enduring friendship and solidarity between China and Russia, as well as their commitment to peace and justice [3][6]. Group 2 - The article discusses the broader implications of the historical victory, suggesting that it laid the groundwork for a multipolar world, economic globalization, and democratic international relations, which are increasingly relevant in the 21st century [4]. - It highlights China's role in global governance, advocating for a multilateral approach and the maintenance of international order based on law, which aligns with the sentiments expressed during the commemorative events [4][5]. - The article notes the positive reception of China's contributions to global peace and development by various world leaders, indicating a growing recognition of China's role in fostering international cooperation [5].

新华社北京5月12日电 世界期待中美对话合作带来更多确定性和稳定性 新华社记者宿亮 5月10日至11日，中美双方在日内瓦举行经贸高层会谈。此次中美经贸高层会谈坦诚、深入、具有建设 性，达成重要共识，并取得实质性进展。双方一致同意建立中美经贸磋商机制。 近期，美国以各种借口宣布对包括中国在内的所有贸易伙伴加征关税，使原有成熟的全球供应链产业链 被人为切断，以市场为导向的自由贸易规则被打破，各国经济发展受到严重干扰，伤害包括美国在内的 各国人民福祉，伤害经济全球化。 此次中美经贸高层会谈后，多方人士表示，赞赏中美达成重要共识和实质性进展，期待双方通过进一步 接触取得更多进展。世贸组织总干事伊维拉表示，会谈是向前迈出的重要一步，对此积极成果感到高 兴。 美国彼得森国际经济研究所此前分析，中美取得共识将"为修复市场信心释放积极信号"。会谈结束后， 美国纽约股市此前的颓势出现转机，股指期货波动上涨。率先开盘的亚洲主要股指日经225种股票平均 价格指数高开100多点。 中方反复强调，中美经贸关系的本质是互利共赢，合作中双方难免会出现分歧和摩擦，关键要本着相互 尊重、和平共处、合作共赢的原则，通过平等对话协商，找到妥善解决 ...

5月12日，外交部发言人林剑主持例行记者会。彭博社记者提问，上周五，欧盟驻华大使称，过去20年 来，中国一直忽视欧盟在经贸问题上的关切。外交部对此有何评论？林剑介绍，双方建成70多个对话机 制，就双边合作和双方的关切进行深入沟通，达成众多共识，推动中欧关系取得了长足发展，年贸易额 从24亿美元增长到7858亿美元，增长了300多倍，双向投资存量从几乎为零增长到2600亿美元。中国单 方面的免签政策也惠及24个欧盟成员国。"事实证明中欧相互成就，共同发展，中欧全面战略伙伴关系 不仅为近20亿中欧人民带来实实在在的福祉，也为经济全球化的时代互利合作树立了典范。"林剑强 调。(澎湃) ...

Core Viewpoint - The visit of Chinese President Xi Jinping to Russia is significant in the context of historical ties and current geopolitical dynamics, emphasizing the deepening relationship between China and Russia, which impacts the international landscape [3][4][5]. Time Dimension - 80 Years and 10 Years - Xi Jinping's attendance at the 80th anniversary of the victory in the Great Patriotic War highlights the historical friendship between China and Russia, established through shared sacrifices [7][8]. - Over the past decade, the international situation has undergone significant changes, while the China-Russia relationship has seen substantial development and growth [9]. Space Dimension - Good Neighbors, True Friends, and Good Partners - Both leaders emphasized the importance of not being swayed by temporary events, indicating a resilient and mature relationship that benefits both nations and contributes to global stability [11]. - The strategic cooperation between China and Russia is crucial for their respective development and for promoting a multipolar world, countering unilateralism and group confrontation [12][11]. International Cooperation - Xi Jinping's meetings with leaders from Serbia, Cuba, and other countries during the visit focused on unity and cooperation to address global challenges, advocating for peace and mutual benefit [13]. - The emphasis on fairness over hegemony reflects a commitment to a just international order, reinforcing the importance of collaboration in the current global context [14].