Core Viewpoint - Analysts generally expect a "strong start" for A-shares after the holiday, with a market structure characterized by "stable heavyweight indices and active technology growth" throughout May [1][2]. Group 1: Market Sentiment and Economic Factors - The easing of Sino-US trade tensions during the May Day holiday has boosted global risk appetite, leading to a rapid appreciation of the RMB and a significant rebound in Chinese equity assets [1][4]. - The global stock markets are gradually returning to pre-"equal tariffs" levels, indicating two potential scenarios: resolution through negotiations or continued fiscal expansion by major economies if negotiations fail [2][4]. - Analysts highlight that the market is currently in a policy observation phase, with a focus on domestic demand and the potential impact of US Federal Reserve policies and LPR dynamics [5]. Group 2: Sector Focus and Investment Opportunities - AI+ is expected to be a key investment theme in May, driven by high capital expenditure in the AI sector from overseas firms and significant advancements in domestic technology industries [1][3]. - Analysts are optimistic about technology stocks in the 5-6 month period, considering factors such as the resolution of negative first-quarter reports and ongoing progress in AI applications and computing power [2][4]. - The focus on themes such as military, self-sufficiency, and new consumption sectors is emphasized, with a particular interest in AI applications, computing power, and consumer goods [3][4].

中信证券：5月A股将继续呈现风偏回暖、主题轮动的特征；中信建投：操作上以震荡区间低买高卖波 段策略为主；申万宏源：消费和科技都是景气方向。 ②中信建投：操作上以震荡区间低买高卖波段策略为主 中信建投认为，展望后市，只要情绪指数处于50以上，且全A指数处于年线和半年线上方，都应该维持 战略性乐观判断，配置半仓以上仓位。整体看，当前市场已经进入窄幅震荡区间，情绪指数波动带来的 右侧买卖信号作用下降，建议投资者更关注情绪指数整体水平和分项指标的提示意义，操作上以震荡区 间低买高卖波段策略为主。 ③平安证券：政策呵护、内需韧性与科技自主可控将继续支撑A股市场向上空间 平安证券指出，综合来看，五一假期出行旅游、观影消费数据亮眼，伴随国内政策加速落地显效，消费 对经济增长的推动力将持续强化，同时AI科技革命与自主可控逻辑不变，政策呵护、内需韧性与科技 自主可控将继续支撑A股市场向上空间。结构上建议关注两条主线：一是国产科技自主可控（新质生产 力、先进制造、国防军工等）；二是受益于扩内需政策支持，基本面预期修复且具备估值性价比的内循 环消费优质资产。 ④申万宏源：消费和科技都是景气方向 申万宏源表示，维持二季度震荡市判断。 ...

Core Viewpoint - The article emphasizes that the principle of "trading facts, not expectations" should guide responses to uncertainties arising from the trade war, indicating a potential recovery in risk appetite and a focus on thematic trading opportunities in the A-share market [1][4]. Market Performance - Since the announcement of "reciprocal tariffs" by Trump, major global stock indices have experienced a noticeable pullback of -20% to -5%, but indices such as India's NIFTY 50, Nikkei 225, and NASDAQ have fully recovered and recorded positive returns [3]. - The commodity market shows a mixed performance, with precious metals and agricultural products achieving positive returns, while industrial metals like aluminum, nickel, and copper have seen minimal declines [3]. Economic Indicators - China's manufacturing PMI fell to 49.0% in April, a decrease of 1.5 percentage points from the previous month, indicating weakening economic conditions [12]. - The new export orders index dropped to 44.7%, significantly below the five-year average, primarily due to reduced exports to the U.S. [12]. Investment Strategy - The article suggests focusing on three enduring trends: the enhancement of China's independent technological capabilities, Europe's reconstruction of autonomous defense, and the necessity for China to promote domestic circulation and improve social security [14][15]. - A-shares are expected to exhibit a warming risk preference and thematic rotation, with an emphasis on low institutional holdings [9][10]. Future Outlook - The article anticipates that May may see more bilateral trade agreements that are more symbolic than substantive, with a focus on maintaining economic stability [7][8]. - The potential impact of tariffs on U.S. inflation and retail is expected to become evident by late May to mid-June, as American consumers deplete their pre-tariff stockpiles [13].

Core Viewpoint - The "Foreign Trade Quality Products" series of events in Shandong Province aims to boost holiday consumption through an innovative "tourism + foreign trade" model, showcasing high-quality international products from local exporters [1][3]. Group 1: Event Overview - The first event took place at Daming Lake in Jinan, with simultaneous activities in four other popular tourist areas, featuring 56 foreign trade companies and over a hundred international quality products [1][3]. - The event focuses on six key scenarios: entering scenic spots, business circles, pedestrian streets, government agencies, universities, and communities, offering direct supply of quality goods at local prices [3]. Group 2: Consumer Engagement - The main venue at Daming Lake included six themed areas with interactive experiences, attracting over 30,000 visitors on the first day, with promotional activities leading to a single-day visitor count exceeding 10,000 [5]. - Popular products included textiles and clothing, with significant interest from young tourists in domestic cultural and creative products, resulting in multiple group purchase intentions within just half a day [5]. Group 3: Future Plans - Shandong Province plans to hold 300 more "Foreign Trade Quality Products" events by the end of the year, aiming to expand 500 domestic sales outlets and cultivate 100 integrated demonstration enterprises [6]. - The initiative seeks to establish a long-term mechanism combining "scene integration + channel empowerment" to enhance the local economy [6].

Group 1 - The core viewpoint emphasizes the need for forward-looking adjustments in economic layout in response to international developments and challenges [1][2] - The internal circulation and domestic demand are highlighted as significant advantages for a large economy, with "dual circulation" being the most stable economic layout [2][3] - The importance of maintaining strategic determination and proactive measures in economic management is underscored, focusing on stabilizing employment, enterprises, and market expectations [3][4] Group 2 - The current economic environment is characterized by both strategic opportunities and risks, necessitating a balanced approach to development and security [4] - The need for a modernized national security system and enhanced capabilities to manage risks is emphasized, ensuring that development and safety are mutually reinforcing [4] - The urgency of implementing the "14th Five-Year Plan" goals while planning for the "15th Five-Year Plan" is highlighted, calling for unity and practical efforts in achieving economic and social development [4]

针对数字化转型挑战，联合国工发组织驻巴林代表哈希姆·侯赛因强调需加强职业培训合作："我们 亟须中国在科技发展方面的帮助。"他表示，阿拉伯国家亟须与中国共建职业院校，培养智能制造人 才。此倡议获得利比亚-中国商务委员会主席米拉迪·埃尔布利基响应，他介绍，中国企业在近几年，参 与了利比亚超过50项的大型项目，未来在智慧城市的打造中也期待中方的技术支持。 中国国际商会秘书长孙晓表示，中阿需携手发挥各自优势搭建"双循环"合作平台。中国将依托中阿 企业家大会等机制，在能源、新能源汽车、数字经济等领域深化对接。阿拉伯农工商会总联盟秘书长哈 立德·哈纳菲表示，期待通过中阿企业家大会、链博会等平台深化合作。 与会嘉宾一致认为，中阿合作需在巩固能源、基建等传统领域基础上，向智能制造、绿色经济等新 兴领域突破。可持续经济论坛主席史光德提出"共同管理港口"创新模式，同时建议建设中阿联合工业 区、共享研发中心实现产业链深度嵌套。 海南日报海口4月29日讯(海南日报全媒体记者 武佳)4月29日，在中国—阿拉伯国家合作论坛第十 一届企业家大会暨第九届投资研讨会期间，中国—阿拉伯贸促机构和商协会圆桌会议在海口召开，来自 中国贸促系统、阿拉 ...

钱凯港地处南美洲西海岸中段，背靠拉美、面朝太平洋，是连接亚洲与南美洲贸易的关键节点，也是中 秘共建"一带一路"的标志性项目。 钱凯港开港后，秘鲁到中国的海上运输时间缩短至23天，可节约20%以上的物流成本。 海 广州港首条直航南美西岸的WSA3航线将广州南沙港与秘鲁钱凯港、墨西哥曼萨尼约港、智利圣安东尼 奥港等拉美核心港口串联。 陆 北京时间4月29日12时，中吉乌铁路吉尔吉斯斯坦境内段重点控制性工程开工建设，标志着中吉乌铁路 项目正线工程进入实质性施工阶段。 空 中国南方航空首飞广州经莫尔兹比港至瓦努阿图首都维拉港的客运航班，实现了中国内地至南太平洋岛 国瓦努阿图的首次试运行，这也标志着中国民航通航国家数量增至79个。 广州港南沙港区开通南美西直航航线 广州日报讯（全媒体记者杨朝露、林琳通讯员曹畅、朱嘉明、关悦）4月29日，"中远海运伏尔加河"轮 稳稳停靠广州港南沙二期码头，标志着广州首条直航秘鲁钱凯港航线——中远海运南美西三线 （WSA3）正式开通。该航线自广州港直航南美西岸，将广州南沙港与秘鲁钱凯港、墨西哥曼萨尼约 港、智利圣安东尼奥港等拉美核心港口串联，开通后将助力粤港澳大湾区与拉美西岸地区的物流通道 ...

编者按： 今天，人民日报新青年版推出特别报道《时代之问 青春作答》，聚焦来自不同行业奋战在各自岗位的 青年人，展现他们自信自强、刚健有为，为中国式现代化挺膺担当的信念与风采。 其中，人民日报记者采访了两名山东青年代表：38岁的山东港口青岛港前港公司市场开发团队负责人李 永锐；黄河三角洲国家级自然保护区管理委员会监测中心副主任赵亚杰，同样38岁。 在复杂的贸易形势下，李永锐团队用智慧与汗水铺就促进双循环的"钢铁通路"，为企业稳产增效提供保 障；在美丽中国画卷舒展之际，赵亚杰坚持巡护监测11年，把奋斗融入生态事业，让青春绽放绚丽光 彩。 全文如下： 港口市场开发团队负责人李永锐： 拓通道，服务越拓越优 本报记者 侯琳良 3月底，一列满载3500吨铁矿石的敞顶箱火车，稳稳停靠在山东聊城临清站，标志着"青岛—临清"铁矿 石运输通道开通。这背后，有着山东港口青岛港前港公司市场开发团队青年日夜奔波的身影。 山东港口青岛港前湾集装箱码头。韩加君摄(人民视觉) 这支团队以80后、90后居多，38岁的负责人李永锐翻开一沓调研笔记说，团队走访河北多家钢厂发现， 高企的物流成本削弱了企业的竞争力。如何通过优化运输路线，助力实体经济 ...

Group 1 - The company achieved an operating income of 2.326 billion yuan in 2024, representing a year-on-year growth of 35.16% [1] - The net profit attributable to shareholders reached 57.005 million yuan, with a year-on-year increase of 25.68%, indicating steady growth in performance [1] - The company is a high-tech enterprise in the fields of plastic products, biodegradable products, and plant fiber products, holding a leading position in the industry [1] Group 2 - In 2024, revenue from plastic products was 1.744 billion yuan, up 34.02% year-on-year, while revenue from biodegradable products was 298 million yuan, growing by 13.65% [1] - The company has established nine intelligent production bases in locations such as Zhejiang, Guangdong, Guangxi, the United States, and Thailand, expanding its capacity for biodegradable and household products [2] - The company emphasizes a product strategy of "green sustainability + high-end customization," covering various sectors including food packaging and fast-moving consumer goods [2] Group 3 - The company aims to strengthen strategic execution, optimize global industrial layout, and accelerate technological iteration and green upgrades to achieve its goal of becoming the "first brand in new materials household products" [2] - The company has formed a network system of "Asian R&D, global intelligent manufacturing, and localized services," enhancing its responsiveness to market demands [2] - The company is committed to integrating into the "dual circulation" new development pattern and the "dual carbon" strategic goals, driven by technological innovation and supported by digital transformation [2]

Group 1 - The event "Foreign Trade Quality Products China Tour - Shenzhen Production and Sales Docking Conference and JD's 200 Billion Procurement First Station" was held in Shenzhen, aiming to stabilize orders and markets for foreign trade enterprises and help export products expand domestic sales channels [1] - The Chinese government is accelerating the construction of a "dual circulation" development pattern, encouraging foreign trade enterprises to tap into the domestic market to alleviate pressures from external uncertainties [3] - Shenzhen's total import and export value reached 4.5 trillion yuan in 2024, demonstrating strong industrial resilience despite increasing external uncertainties [3] Group 2 - The Shenzhen Municipal Bureau of Commerce announced ten key support policies for enterprises to expand into the domestic market, including subsidies for trade credit insurance and digital upgrades, aimed at promoting the integration of domestic and foreign trade [4] - The Futian District Commerce Bureau introduced twelve measures to promote foreign trade quality products, including policies for live streaming and instant retail, to support the dual circulation development of enterprises [4] - JD Group plans to invest 200 billion yuan in a support program for foreign trade enterprises transitioning to domestic sales, providing a comprehensive solution to help these enterprises reach domestic consumers more effectively [6] Group 3 - JD's operational experts discussed trends in various product categories and introduced policies for cooperation with self-owned brands, aiming to help foreign trade enterprises access the European market [8] - The Shenzhen production and sales docking conference featured dedicated procurement areas for various sectors, allowing foreign trade enterprises to understand JD's procurement needs and cooperation policies, facilitating faster access to the domestic market [8]