Group 1 - The core viewpoint of the articles revolves around the U.S. government's pressure on European allies to unify against Russia, particularly regarding sanctions on Russian energy purchases [1][2] - U.S. Treasury Secretary Mnuchin's comments indicate a push for higher tariffs on countries buying Russian energy, reflecting a strategy to politicize economic issues and exert hegemonic pressure [2][4] - The upcoming meeting between Trump and Putin is seen as a critical moment, with European leaders expressing concerns about potential unfavorable agreements for Ukraine [6][10] Group 2 - European leaders, including German Chancellor Merz, emphasize the necessity of Ukraine's involvement in any peace negotiations and the protection of European and Ukrainian security interests [6][10] - The U.S. has already imposed additional tariffs on India for purchasing Russian energy, suggesting a potential escalation of sanctions if the situation does not improve [5][6] - Analysts express skepticism about the effectiveness of the upcoming U.S.-Russia summit in achieving a ceasefire in Ukraine, highlighting the challenges Trump faces in dealing with Putin [10][11]

军事上，中国国防部宣布将与俄罗斯在8月举行"海上联合-2025"军演，演习结束后还将进行第六次联合 巡航。这些动作无疑是在向美国展示：在能源运输安全问题上，中国有足够的能力捍卫自己的利益。 在这场博弈中，印度总理莫迪的表现堪称"神助攻"。印度外交部发言人兰迪尔·贾伊斯瓦尔直接回怼美 国"避免在贸易问题上采取双重标准"，印度石油部长哈迪普·辛格·普里更表示要将原油进口来源国从27 个扩大到40个。更让美国头疼的是，俄罗斯外交部副部长鲁登科透露，中俄印正在就恢复三方合作机制 进行谈判。 据报道，美国财政部长贝森特在斯德哥尔摩的中美经贸会谈上抛出一颗"炸弹"——如果中国继续购买俄 罗斯石油，美国将对中国商品征收关税。 但令人玩味的是，中国外交部就用三句话作出了回应："中国将根据自身国家利益采取合理的能源保障 措施"、"关税战没有赢家"、"中方将坚定维护主权安全和发展利益"。 明眼人都看得出来，美国这次是玩真的，但中国显然也没在怕。更耐人寻味的是，就在这场关税威胁风 暴中，距离中国抗战胜利80周年"九三阅兵"没多久了。此前有外媒报道称中方可能邀请美国总统特朗普 出席观礼，但现在看来，这个座位恐怕要悬了。 特朗普政府这 ...

Group 1 - The core issue revolves around the potential extension of the 90-day suspension of the 24% tariffs agreed upon during the high-level trade talks between China and the U.S. in May, with the deadline approaching on August 12 [1][2] - U.S. President Trump has not made a clear statement regarding the extension of the tariff suspension, raising concerns about a possible escalation in tensions between the two economies [1][2] - China's Foreign Ministry expressed hope for positive outcomes based on the consensus reached by the leaders of both countries, emphasizing the importance of mutual respect and reciprocity in negotiations [1] Group 2 - Trump's recent social media post suggested that China is concerned about soybean shortages and urged China to significantly increase its orders of U.S. soybeans to reduce the trade deficit [1] - Despite Trump's claims, analysts indicate that there is little evidence to suggest that China is worried about soybean shortages, and China could source from South America if trade relations do not improve [2] - The U.S. government data shows that as of the end of July, China had not placed orders for the new season's soybeans, reflecting ongoing tensions [1][2] Group 3 - The U.S. administration is considering imposing new tariffs on Chinese imports in response to China's purchase of Russian oil, complicating the trade relationship further [2] - China's embassy in the U.S. defended its trade with Russia as compliant with international law, opposing U.S. unilateral sanctions and emphasizing that there are no winners in a tariff war [2] - Since May, the U.S. and China have held three rounds of trade talks in various locations, with the latest consensus being to continue the suspension of the 24% tariffs and corresponding countermeasures for another 90 days [2]

Core Viewpoint - The Chinese government expresses strong dissatisfaction and firm opposition to the criticisms from the G7 and related Western countries regarding the law enforcement actions of the Hong Kong Special Administrative Region (SAR) government [1] Group 1 - The G7 and related Western countries have made statements attacking the Hong Kong police's actions against individuals involved in the so-called "illegal elections" of the "Hong Kong Parliament," labeling it as "transnational repression" [1] - The Chinese government asserts that the Hong Kong police's enforcement actions, based on the Hong Kong National Security Law and related regulations, are in accordance with international law and practices, and are reasonable, legal, and necessary [1] - The Chinese government criticizes the accusations of "transnational repression" as baseless, highlighting the hypocrisy of certain countries that impose unilateral sanctions while condemning the legitimate law enforcement actions of the Hong Kong police [1] Group 2 - The Chinese central government firmly supports the Hong Kong police in taking law enforcement actions against individuals and organizations that have fled overseas, emphasizing the importance of safeguarding national security and ensuring long-term stability in Hong Kong [1] - The Chinese government urges relevant countries and institutions to stop supporting anti-China elements in Hong Kong and to cease interference in China's internal affairs [1]

这种制裁的荒诞性在于，美国与俄罗斯的直接贸易额已萎缩至战前的5%，所谓对俄关税更像是对第三方的隔山打 牛。英国《独立报》犀利指出，这本质是用美国市场准入权要挟他国站队。更讽刺的是，特朗普团队一面推动制 裁，一面修改法案为自己保留取消或推迟制裁的绝对权力——所谓希望不必实施，不过是给霸权裹上一层协商的 糖衣。 印度首当其冲。莫迪政府陷入两难：俄乌冲突后，印度从俄进口石油量暴增7倍，占其总进口量的45%。若按美国 要求替换俄油，仅运输成本就将增加20%以上，这将直接冲击印度经济（印度GDP增速已因高油价承压）。印度 商工部官员私下坦言：我们理解和平的重要性，但能源安全是发展的底线。" 华盛顿的白宫椭圆办公室里，特朗普将一张写有50天通牒的文件推到镜头前时，全球贸易圈的神经瞬间紧绷。这 份以推动俄乌和谈为名的制裁方案，本质是美国用市场准入权当筹码，向全球主要经济体发起的一场选边站胁迫 ——要么停止与俄贸易，要么接受美国市场的关门惩罚。 所谓二级制裁，是美国精心设计的连坐机制：任何继续购买俄罗斯石油的国家，其对美出口商品可能面临最高 100%的关税。美国驻北约大使惠特克的表态直白得近乎露骨：这不是制裁俄罗斯，而是对印 ...

Group 1 - China opposes unilateral sanctions without international legal basis and urges Ukraine to correct its actions [1] - China emphasizes the importance of equal dialogue and cooperation in the upcoming US-China economic talks [2] - China firmly opposes any agreements that sacrifice its interests in trade negotiations [3] Group 2 - China expresses concern over the detention of Chinese scholars in the US and calls for an end to discriminatory practices [4][5] - China is committed to maintaining close communication with Cambodia and Thailand to promote peace and stability in the region [6]

当全球目光聚焦于7月27日至30日在瑞典斯德哥尔摩举行的第三轮中美经贸会谈时，一个更深的悬念浮 出水面：特朗普能否如愿踏上9月的访华之旅？ 谈判桌上剑拔弩张的气氛背后，是一组让美方如坐针毡的数据：2025年6月，中国对美国原油采购量戏 剧性归零，这是三年来破天荒的第一次；煤炭进口额更从去年同期的9000万美元断崖式跌至248美元。 美国财政部长贝森特7月21日接受采访时抛出一颗震撼弹——他公然宣称要将中国采购俄罗斯和伊朗石 油的议题塞进即将展开的中美贸易谈判议程。 这番赤裸裸的威胁恰似向火药桶投入火星，瞬间点燃了国际舆论场。 美国能源企业在华市场份额的蒸发速度，远超华盛顿的预料。 美财长贝森特（资料图） 贝森特的威胁直指美国精心构筑的石油美元霸权体系。他警告将对购买俄油的国家征收100%"二级关 税"，同时向欧洲施压要求协同行动。 这种以金融霸权为武器的策略，在俄乌冲突期间曾让欧洲国家被迫吞下高价购买美国能源的苦果。 但中国市场的反应给了美国当头一棒。当美国挥舞关税大棒，中国转身拥抱俄罗斯与伊朗的能源供应。 这种转向不仅是商业选择，更是对美国单边制裁的无声抗议。 复旦大学辛强教授点明关键："北京定会坚持贸易谈 ...

Group 1 - The United States has issued threats to countries cooperating with Russia, particularly targeting China and India, by proposing secondary tariffs on those purchasing Russian oil and gas [1][3] - In 2024, India imported 35% of its oil from Russia, while China's energy trade with Russia continues to expand [1] - The U.S. Republican Senator Graham proposed a radical bill to impose a 500% tariff on countries that continue to buy Russian energy without providing substantial aid to Ukraine, specifically naming China and India [3] Group 2 - India's oil minister expressed confidence that India can meet its energy needs from alternative sources if Russian oil supply is affected, citing diversification of oil suppliers from 27 to 40 countries [5] - The Russian Foreign Ministry confirmed discussions with China and India to restore the trilateral cooperation mechanism, enhancing India's position on the international stage [5][6] - China has reiterated its stance that dialogue is the only viable solution to the Ukraine crisis and opposes unilateral sanctions, indicating potential countermeasures if the U.S. implements secondary tariffs [5][6] Group 3 - Russia has shown resilience against U.S. threats, with plans to accelerate de-dollarization and increase trade settlements in local currencies with China and other countries [8] - The trend of global economic integration suggests that U.S. unilateral sanctions may lead to a backlash, diminishing its global influence [8] - Emerging countries are shifting from passive responses to actively shaping international order, as seen in India's balancing act between the U.S. and Russia and the revival of trilateral cooperation with China and Russia [8]

Group 1: Open Market Operations - The central bank conducted a 7-day reverse repurchase operation on July 21, with a fixed rate and a total amount of 170.7 billion yuan, at an interest rate of 1.40%, with the same amount being awarded [1] - On the same day, 226.2 billion yuan of reverse repos matured, resulting in a net withdrawal of 55.5 billion yuan [1] Group 2: Funding Conditions - The overnight repurchase weighted average rate (DR001) for deposit-taking institutions decreased by nearly 10 basis points, returning to around 1.35% [3] - The latest overnight financing rate in the U.S. is 4.34% [3] Group 3: Interbank Certificates of Deposit - The latest transaction rate for one-year interbank certificates of deposit among major banks is around 1.63%, showing a slight increase from the previous day [6] Group 4: Bond Market - Major interbank interest rate bonds saw yields rise across the board, with mid- to long-term bonds showing significant weakness [8] - Government bond futures closed lower across the board, with the 30-year main contract down 0.46%, the 10-year down 0.05%, the 5-year down 0.05%, and the 2-year down 0.01% [11] Group 5: Economic Policies and Developments - The Ministry of Commerce responded to the EU's sanctions against Chinese enterprises and financial institutions, urging the EU to cease its actions, which are seen as detrimental to China-EU economic relations [12] - The LPR (Loan Prime Rate) remained stable, with the one-year LPR at 3% and the five-year LPR at 3.5%, aligning with market expectations [12] - The Ministry of Commerce highlighted the promotion of e-commerce and digital business as a means to enhance consumption and economic transformation [12] Group 6: Global Macro Developments - In Japan, the ruling coalition of the Liberal Democratic Party and Komeito failed to secure a majority in the House of Councillors for the first time since its establishment in 1955, leading to internal party tensions [14] Group 7: Bond Market Events - The scale of bond index funds reached nearly 1.5 trillion yuan in Q2, with major players like Bosera, Southern, and GF exceeding 100 billion yuan [16] - The issuance of Sci-Tech bonds surpassed 760 billion yuan, with banks and ETFs actively participating [16] - Chow Tai Fook completed the issuance of an 850 million HKD convertible bond [16]

在7月21日外交部例行记者会上，有记者提问称，欧盟最新一轮对俄制裁涉及多家中国企业和银行，上 周五欧盟宣布对部分中资银行及五家中国企业实施制裁，理由是这些实体被认为与俄罗斯在乌克兰的军 事行动有关。发言人此前已就此表明立场，对此是否有进一步评论？"中国商务部发言人已就此作出了 回应。"郭嘉昆强调，中方一贯反对没有国际法依据、未经联合国安理会授权的单边制裁。在乌克兰危 机问题上，中方一直致力于劝和促谈，从未向冲突方提供致命性武器，严格管控军民两用物项出口。中 欧、中俄企业正常交往合作也不应该受到干扰和影响。郭嘉昆表示，我们敦促欧方停止在没有事实依据 的情况下，损害中国企业的合法利益，中方将采取必要措施坚决维护中国企业的正当合法权益。(环球 网) ...