中新网9月25日电 据商务部网站消息，商务部新闻发言人就将3家美国实体列入出口管制管控名单答记 者问。 商务部就将3家美国实体列入出口管制管控名单答记者问 来源：中国新闻网 编辑：徐世明 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 问：2025年9月25日，商务部宣布将3家美国实体列入出口管制管控名单，请问有何考虑？ 答：为维护国家安全和利益，履行防扩散等国际义务，根据《中华人民共和国出口管制法》和《中华人 民共和国两用物项出口管制条例》等法律法规有关规定，中方决定将危害中国国家安全和利益的3家美 国实体列入出口管制管控名单，禁止两用物项对其出口，任何出口经营者不得违反上述规定。 ...

责任编辑：刘万里 SF014 问：2025年9月25日，商务部宣布将3家美国实体列入出口管制管控名单，请问有何考虑？ 答：为维护国家安全和利益，履行防扩散等国际义务，根据《中华人民共和国出口管制法》和《中华人 民共和国两用物项出口管制条例》等法律法规有关规定，中方决定将危害中国国家安全和利益的3家美 国实体列入出口管制管控名单，禁止两用物项对其出口，任何出口经营者不得违反上述规定。 ...

Core Viewpoint - Yangtze Memory Technologies Co., Ltd. (YMTC) has filed a lawsuit against the U.S. Department of Commerce and its Bureau of Industry and Security (BIS) to demand the disclosure of the complete administrative record and internal decision-making process regarding its inclusion in the export control entity list in 2022 [1][5]. Group 1: Legal Action and Claims - The lawsuit is based on the Freedom of Information Act (FOIA) and does not directly challenge the export control measures themselves [1]. - YMTC argues that the announcement regarding its inclusion in the entity list contains significant anomalies compared to other companies, lacking clarity on the decision-making body and failing to provide specific factual bases for the inclusion [2][4]. - The company has submitted multiple compliance remedies and formally requested removal from the entity list, asserting that it has not violated any export control regulations [4][5]. Group 2: Request for Information - YMTC's FOIA request seeks three categories of critical information: communications between the U.S. Department of Commerce or BIS and third parties, the decision-making entities involved in the 2022 inclusion, and the complete administrative record including proposal documents and internal memos [5][6]. - The BIS did not respond within the statutory 20 working days, leading to a "constructive denial" under FOIA, allowing YMTC to proceed with the lawsuit [6]. Group 3: Implications and Significance - The lawsuit represents a strategic move by YMTC to challenge the lack of specific evidence supporting its inclusion in the entity list, highlighting the absence of any allegations of wrongdoing against the company [7]. - This action reflects the proactive stance of Chinese companies within the international regulatory framework and may serve as a reference for other firms facing opaque restrictions [7].

据报道，在全球经济棋局中，美国和欧盟长期以来形成了复杂的博弈。特朗普政府一向偏爱通过"借刀 杀人"的策略，推动自己的全球目标——这一次他把焦点对准了中国与印度，试图通过要求欧盟加征关 税来对两国施压。理由依旧是老调重弹：两国继续从俄罗斯进口石油，间接支持了俄罗斯对乌克兰的军 事行动。然而，这一次，中国没有被动挨打，而是选择了主动出击——通过几乎切断对欧盟的稀土供 应，给了欧洲一记警告。而就在此时，日本也毫不犹豫地站了出来，明确表示不会配合特朗普的要求， 对中国加税。显然，特朗普的算盘落空了。 特朗普的压力战术可能让欧盟在外交上保持了一定的紧张关系，但中国显然没有等待欧盟做出回应。通 过一系列针对稀土出口的管控措施，中国几乎切断了对欧盟的稀土供应。这一举措，直接影响到了欧盟 的一系列高科技产业，包括汽车、芯片、风力发电等领域。无稀土供应，欧洲的高科技产业链便像是失 去了"血液"，寸步难行。 中国欧盟商会主席彦辞公开抱怨，"商会会员企业所需的140多份出口许可证中，只有不到四分之一获 批"。更严重的是，许多企业由于货运延误和供应链断裂，已经面临停产的风险。针对这一情况，欧盟 的制造商、芯片企业纷纷向中国提出豁免请 ...

战略性资源"锁喉"：中国反制西方技术封锁的深远影响 2023年8月1日，一个看似平静的日子，却在全球高科技产业的版图上投下了深远影响的涟漪。中国商务部与海关总署联合发布的公告，悄然启动了对镓、锗 两种关键战略性金属的出口管制，一夜之间，全球半导体产业的神经被触动，一片混乱应声而起。 反制浪潮：从镓、锗到石墨、锑，中国的战略纵深 此次管制涉及的镓品类广泛，涵盖金属镓、氮化镓、氧化镓等8个关键领域，而锗的管制则包括金属锗、区熔锗锭等6个品类。根据新规，任何涉及这些物项 的出口企业，都必须经过层层审批，提交详尽的最终用户和用途证明，方能获得发货许可。这一举措并非无的放矢，而是对美西方持续升级的技术封锁，尤 其是其在高科技领域对中国企业实施的"卡脖子"行动，发出的强有力回击。 中国并非止步于此。2023年10月，中国进一步收紧了对高纯度石墨的出口限制；2024年8月，锑也被纳入了管制清单。到了2024年12月，商务部发布了更为 全面的出口管制措施，特别是针对两用物项对美国的出口管制进行了加强，明确禁止向美国军事用户或军事用途出口相关物项。 更具战略性的是，中国将出口管制措施的范围延伸至中国境内外的所有公司，并将含有中 ...

Group 1 - The EU is considering sanctions against Chinese and Indian companies under the pretext of "Russia-related" activities, influenced by the Trump administration's pressure [4][5] - The European Chamber of Commerce in China reported that strict controls on rare earth exports from China are causing significant supply bottlenecks for European companies, leading to increased operational disruptions [1][3] - The approval rate for export licenses from China for European companies is less than 25%, exacerbating the supply chain issues faced by these businesses [1] Group 2 - The EU relies almost entirely on China for rare earth imports, with nearly 100% of its rare earth needs sourced from China, highlighting the dependency on Chinese supply for critical metals [4] - The Chinese government has stated that its export control measures are in line with international practices and are not discriminatory against specific countries [4] - The ongoing trade tensions have led to complaints from European manufacturers about potential production halts due to delays in obtaining necessary materials from China [3][4]

Core Viewpoint - The Chinese government strongly opposes the recent U.S. decision to place multiple Chinese entities on the export control "entity list," viewing it as an abuse of national security claims and a form of unilateral bullying that undermines global market stability and damages legitimate business rights [1]. Group 1 - The U.S. Department of Commerce has announced sanctions against several Chinese entities in sectors such as semiconductors, biotechnology, aerospace, and logistics, citing national security concerns [1]. - The Chinese government accuses the U.S. of prioritizing its own interests over the development rights of other countries, which distorts normal business interactions and disrupts global supply chains [1]. - The Chinese government has called for the U.S. to correct its actions and cease the unreasonable suppression of Chinese enterprises, indicating that it will take necessary measures to protect the legitimate rights of these companies [1]. Group 2 - A bilateral economic and trade dialogue is scheduled to take place in Spain starting September 14, raising questions about the timing of the U.S. sanctions against Chinese companies [1].

Group 1 - The China Internet Association supports the Ministry of Commerce's investigation into anti-dumping measures against imported simulation chips from the United States [1] - The U.S. government's broad interpretation of "national security" and misuse of export controls are seen as unfair practices that undermine global supply chains and harm Chinese internet companies [1] - The association emphasizes the need for an open, fair, and orderly market competition environment for the healthy development of the internet industry [1] Group 2 - The China Internet Association calls for global cooperation to respect market rules and international regulations for the long-term prosperity of the global technology industry [1] - Member companies are encouraged to enhance independent innovation and deepen international collaboration to build a stable and healthy global semiconductor industry ecosystem [1]

Core Viewpoint - The U.S. Department of Commerce's Bureau of Industry and Security (BIS) has added 23 Chinese entities to its Entity List, including Shanghai Fudan Microelectronics Group Co., Ltd., citing national security concerns related to advanced computing and semiconductor manufacturing support [1][3]. Group 1: Impact of Entity List Inclusion - Thirteen of the listed entities are related to semiconductors and integrated circuits, with others spanning biotechnology, aerospace, and industrial software [1]. - Fudan Microelectronics is notably the first Chinese IC design company to face such sanctions due to its commercial FPGA/MCU business, with nine other Chinese IC design companies also marked with a specific footnote indicating severe restrictions [3][5]. - The sanctions imply a full process blockade, affecting all manufacturing nodes and limiting access to U.S. equipment and design tools, which could extend R&D cycles and disrupt global supply chains [5]. Group 2: Company Response and Strategy - In response to the sanctions, Fudan Microelectronics issued a public letter emphasizing its commitment to legal and compliant operations, and its strategic reserve of key materials has increased from approximately 600 million yuan at the end of 2020 to about 3.1 billion yuan by mid-2025 [8]. - The company has diversified its supply chain and strengthened collaborations with partners to enhance resilience and production capacity [8]. - Fudan Microelectronics is advancing its R&D in heterogeneous computing architecture chips, with a product range from 4 TOPS to 128 TOPS, and has reported positive progress on its first 32 TOPS product [8]. Group 3: Financial Performance - For the first half of 2025, Fudan Microelectronics reported revenues of 1.839 billion yuan, a year-on-year increase of 2.49%, while net profit fell by 44.38% to 194 million yuan due to increased inventory provisions and reduced government subsidies [11]. - The company's R&D expenditure totaled 533 million yuan, a decrease of 10.80%, representing 28.99% of its revenue, down 4.32 percentage points from the previous year [11]. - As of September 15, 2025, Fudan Microelectronics' A-shares rose by 2.75%, with a market capitalization of 50 billion yuan [12].

Report Title - "Sino-US to Conduct a New Round of Economic and Trade Talks, Overseas Fed Rate Cut to Be Implemented Soon - Guoxin Futures Macro Weekly Report" [2] Report Industry Investment Rating - Not provided Core Viewpoints - Sino-US will hold a new round of economic and trade talks, with non-tariff economic and trade issues likely to be important topics, and US unilateral tariff measures remaining a key point. Overall, there is cautious optimism about this economic and trade talk. The US Department of Commerce's abuse of export controls may be an attempt to gain more leverage in the talks. China's Ministry of Commerce's anti-discrimination and anti-dumping investigations against the US will benefit domestic substitution industries for analog chips. Domestically, the economy showed positive signs in August, with exports growing slightly, price levels improving, and money supply and social financing also showing positive changes. Overseas, the US inflation is relatively moderate, and the market highly anticipates a Fed rate cut. Other events such as political changes in France and Japan also have an impact on the market [8][9] Summary by Directory Part 1: Weekly Review (0908 - 0914) - **Domestic Data**: In August 2025, China's total import and export value was $541.29 billion, with exports at $321.81 billion (up 4.4% year-on-year), imports at $219.48 billion (up 1.3% year-on-year), and a trade surplus of $102.33 billion. The CPI in August decreased by 0.4% year-on-year, and the PPI decreased by 2.9% year-on-year with a narrowing decline. At the end of August, M2 increased by 8.8% year-on-year, M1 by 6.0% year-on-year, and M0 by 11.7% year-on-year. The stock of social financing scale increased by 8.8% year-on-year, and the increment in August was 2.57 trillion yuan. On September 15, the central bank will conduct a 600 billion yuan 6 - month repurchase operation [5][6] - **Overseas Data**: In the US, the CPI in August was 2.9% year-on-year, and the core CPI was 3.1% year-on-year. The European Central Bank maintained its three major policy interest rates unchanged. As of September 12, the market expected a 93.9% probability of a 25 - basis - point Fed rate cut on September 18, and the cumulative rate cut for the year might be 75 basis points [6][9] - **Political Events**: On September 9, French Prime Minister Belleru submitted his resignation. On September 7, Japanese Prime Minister Ishiba Shigeru announced his resignation [9][10] - **Economic and Trade Talks**: From September 14 - 17, Chinese Vice - Premier He Lifeng will lead a delegation to Spain to hold talks with the US on issues such as US unilateral tariff measures, abuse of export controls, and TikTok [7] - **Trade Frictions**: The US added multiple Chinese entities to the export control "Entity List," and China's Ministry of Commerce launched anti - discrimination and anti - dumping investigations against the US [7][8] Part 2: High - Frequency Data - **Domestic Commodities**: From 0908 - 0912, the wholesale price of pork was stable at 19.88 yuan/kg, the wholesale price of vegetables decreased slightly to 5.07 yuan/kg, and the wholesale price of fruits decreased slightly to 6.75 yuan/kg [14] - **International Commodities**: From 0908 - 0912, the CRB Spot Composite Index was stable at 551.72 [17] - **Money Market**: From 0908 - 0912, DR007 and R007 both increased slightly to 1.4575% and 1.4651% respectively [20] - **Foreign Trade Market**: From 0908 - 0912, the Baltic Dry Index (BDI) increased to 2126 points, and the China Containerized Freight Index (CCFI) continued to decline to 1125.30 [24][29] Part 3: Major Asset Classes (0908 - 0912) - **Stock Market**: A - share major indices all rose, with the Shanghai Composite Index up 1.52%, the Shenzhen Component Index up 2.65%, and the ChiNext Index up 2.10% [33] - **Treasury Bond Futures Market**: The closing prices of treasury bond futures varied, with the 2 - year treasury bond futures down 0.04%, the 5 - year up 0.07%, and the 30 - year down 1.08% [33] - **Foreign Exchange Market**: The US dollar index fell 0.13%, the on - shore US dollar against the Chinese yuan fell 0.22%, and the euro against the Chinese yuan fell 0.12% [35] - **Commodity Market**: Crude oil fell 1.39%, Shanghai gold rose 2.28%, live pigs fell 0.53%, Shanghai copper rose 1.15%, and rebar fell 0.51% [35] Part 4: Weekly Focus (0915 - 0921) - September 14 - 17: Sino - US economic and trade talks in Madrid, Spain - September 15: China's August industrial added value, fixed asset investment, and retail sales data - September 16: US August retail sales month - on - month - September 17: Bank of Canada interest rate decision - September 18: Federal Reserve interest rate decision and Bank of England interest rate decision - September 19: Bank of Japan interest rate decision [38]