Core Viewpoint - The article emphasizes the importance of the China-U.S. economic relationship, highlighting that despite challenges, both countries remain significant economic partners and that cooperation is essential for mutual benefit [1][2][3][4]. Group 1: Current State of China-U.S. Economic Relations - Since 2018, the U.S. has engaged in unilateralism and protectionism, leading to trade tensions, yet bilateral trade has remained stable, with projected goods trade reaching $688.3 billion and service trade $155.8 billion in 2024, reflecting increases of 18% and 34.7% respectively since 2017 [6]. - The relationship is characterized by mutual dependency, with both nations benefiting from trade and investment, creating numerous job opportunities and profits for businesses [7]. Group 2: Approach to Disputes and Cooperation - Disagreements and friction are normal in the economic relationship, and dialogue and negotiation are the best methods for resolution, emphasizing the need for respect for each other's core interests [7]. - Recent dialogues in Geneva and London have led to agreements that help stabilize relations, demonstrating that through equal dialogue, conflicts can be managed effectively [7]. Group 3: China's Stance and Economic Outlook - China is committed to defending its national interests and maintaining international fairness, asserting that trade wars yield no winners and that it is prepared to protect its rights vigorously [8]. - Despite external pressures, China's economy has shown resilience, with exports increasing by 7.2% year-on-year, indicating a strong long-term economic foundation [8].

Economic Performance - China's retail sales have shown an average annual growth of 5.5% over the past four years, with expectations to reach 50 trillion yuan by the end of this year, indicating a significant recovery and growth in consumer spending [3] - The actual use of foreign investment in China exceeded 700 billion USD during the "14th Five-Year Plan" period, achieving the target six months ahead of schedule, with major companies like Tesla and Pfizer establishing operations in China [3][7] Trade Relations - China's export and import market shares remain robust at over 14% and 10% respectively, highlighting China's strong position in global trade [3] - Despite a decline in exports to the U.S. in the first half of this year, China is adopting a more open stance to welcome investments from various countries [3][5] U.S.-China Economic Relations - The Chinese Commerce Minister emphasized the importance of cooperation over competition, suggesting that both nations need to engage in dialogue to resolve trade tensions and implement previous agreements [5] - The U.S. has recognized the strength of China's comprehensive national power, leading to a shift in approach towards cooperation rather than confrontation [5][8] Market Dynamics - China's consumer purchasing power is now 1.6 times that of the U.S., with a significant portion of income saved, indicating substantial potential for future consumption growth [5] - American companies operating in China show a strong preference to remain, with 83% of them refusing to relocate due to the inefficiency of alternative supply chains [7]

Group 1 - The core focus of the press conference was on the achievements of high-quality development in commerce during the "14th Five-Year Plan" period [3] - There is a significant change in China's foreign trade pattern, with exports to the US decreasing by 9.9% in the first half of the year, while overall exports increased by 7.2% [4][5] - The proportion of exports to the US has dropped from 17.4% in 2020 to 14.7% in 2024, indicating a diversification in trade [4] Group 2 - China is now the second-largest import market globally, with imports from mainland China and Hong Kong accounting for approximately 13.3% of global imports, nearly equivalent to the US's 13.6% [5] - Despite a significant increase in overall exports, there remains a long-term trade deficit in services, with the US being the largest source of this deficit [5] Group 3 - The relationship between China and the US in terms of trade has been tumultuous since 2018, characterized by unilateral actions and tariffs imposed by the US [9] - The essence of China-US economic relations is mutual benefit and cooperation, with both countries relying on each other for trade and investment opportunities [10] - Disagreements and friction in trade are normal, and dialogue and negotiation are emphasized as the best ways to resolve issues [11] Group 4 - China's stance is to firmly protect its national interests and uphold international fairness and justice, emphasizing that trade wars yield no winners [12] - Looking ahead, China expresses a willingness to work with the US based on mutual respect and cooperation to stabilize and sustain the economic relationship [12]

Group 1 - The Chinese government will protect fair competition in the market regarding the sale of ports by Cheung Kong Holdings, especially if China COSCO Shipping Group is not involved in the transaction [2][3] - The Chinese Ministry of Foreign Affairs expressed strong opposition to economic coercion and bullying that infringes on the legitimate rights of other countries [3] Group 2 - The U.S. Department of Commerce announced a preliminary anti-dumping duty of 93.5% on Chinese anode-grade graphite, which is a key material for electric vehicle batteries [4][5] - The Chinese Ministry of Foreign Affairs emphasized the importance of mutual benefit in China-U.S. economic cooperation and urged the U.S. to adhere to market economy rules for the healthy and stable development of bilateral trade relations [5]

Group 1 - The U.S. Department of Commerce announced a preliminary anti-dumping duty of over 90% on a specific type of graphite imported from China, which is identified as a key component for electric vehicles [1] - The Chinese Ministry of Foreign Affairs emphasized the importance of mutual benefit in China-U.S. economic and trade cooperation and urged the U.S. to adhere to market economy rules [1] - The statement reflects concerns regarding the stability and health of China-U.S. economic relations amidst increasing trade tensions [1]

Core Viewpoint - The U.S. Department of Commerce has determined that Chinese imports of graphite are subject to unfair subsidies, leading to a preliminary anti-dumping duty of 93.5% on Chinese anode-grade graphite, which is a critical material for electric vehicle batteries [1] Group 1 - The U.S. decision to impose a 93.5% anti-dumping duty on Chinese anode-grade graphite highlights ongoing trade tensions between the U.S. and China, particularly in the context of materials essential for the electric vehicle industry [1] - The Chinese Foreign Ministry emphasizes the importance of mutual benefit in U.S.-China economic cooperation and urges adherence to market economy rules to maintain healthy and stable trade relations [1]

7月18日，国务院新闻办公室举行"高质量完成'十四五'规划"系列主题新闻发布会，介绍"十四五"商务高 质量发展成就，并答记者问。 商务部部长王文涛介绍，中国经贸大国地位进一步巩固，高质量发展成效显著。外贸顶住压力、展现韧 性，货物贸易规模稳居全球第一，出口、进口国际市场份额分别稳定在14%和10%以上。服务贸易规模 稳居全球第二。 我国吸收外资质量提升，"十四五"期间累计吸收外资已超过7000亿美元预期目标。"投资中国"金字招牌 持续擦亮，引资结构不断优化。 ■我国对外投资年均增速超5% 总量规模稳居世界前三 "十四五"以来，我国产供链国际合作有序推进，对外投资年均增速超过5%，总量规模稳居世界前三， 对外承包工程整体稳中有升，与共建"一带一路"国家签署多份产供链合作备忘录。 ■商务部四句话评价"十四五"期间中美经贸关系 在发布会上，商务部部长王文涛用四句话评价概括"十四五"期间中美经贸关系：中美经贸关系历经风 雨，双方仍互为重要经贸伙伴。中美经贸关系本质是互利共赢，合作是唯一正确道路。中美经贸合作难 免会出现分歧和摩擦，对话协商是解决问题的最好选择。中方的立场是一贯的，坚决捍卫国家利益和国 际公平正义。 ■ ...

Core Viewpoint - The "14th Five-Year Plan" has achieved significant progress in high-quality business development, with major indicators in consumption, foreign trade, foreign investment, and international cooperation meeting expectations [2][15]. Group 1: Consumption - The domestic market has shown strong advantages, with the total retail sales of consumer goods expected to exceed 50 trillion yuan this year, reflecting an average annual growth of 5.5% over the past four years [4][12]. - Service consumption has entered a rapid growth phase, with an average annual growth rate of 9.6% during the "14th Five-Year Plan" period, outpacing goods consumption [11][12]. - The "old-for-new" consumption policy has driven sales exceeding 2.9 trillion yuan, benefiting around 400 million people with subsidies [12]. Group 2: Foreign Trade - China's position as a major trading nation remains solid, with foreign trade showing resilience and the ability to withstand shocks, having absorbed over 700 billion USD in foreign investment since the beginning of the "14th Five-Year Plan" [14][15]. - The scale of service trade ranks second globally, while goods trade maintains the first position, with export and import market shares stable at over 14% and 10%, respectively [15]. Group 3: Foreign Investment - The quality of foreign investment has significantly improved, with 22.9 million new foreign enterprises established during the "14th Five-Year Plan," an increase of 25,000 compared to the previous five-year period [17][18]. - High-tech industry investment accounted for 34.6% of total foreign investment in 2024, up 6 percentage points from 2020 [18]. Group 4: International Cooperation - International cooperation in supply chains is progressing smoothly, with annual growth in foreign investment exceeding 5%, placing China among the top three globally [17]. - The "Investment in China" brand continues to shine, contributing significantly to the economy and creating over 30 million jobs [18]. Group 5: Sino-U.S. Economic Relations - The economic relationship between China and the U.S. has experienced ups and downs since 2018, but both remain important economic partners [19]. - The essence of Sino-U.S. economic relations is mutual benefit, with cooperation being the only correct path forward [20].

第一句话，中美经贸关系历经风雨，双方仍互为重要经贸伙伴。 第二句话，中美经贸关系本质是互利共赢，合作是唯一正确道路。 第三句话，中美经贸合作难免会出现分歧和摩擦，对话协商是解决问题的最好选择。 7月18日， 商务部部长王文涛在国新办举行的"高质量完成'十四五'规划"系列主题新闻发布会上表示，中美经 贸关系历经风雨，双方仍互为重要经贸伙伴。2018年以来，美方单边主义、保护主义抬头，不断挑起经贸摩 擦，一系列行为严重冲击和干扰中美正常经贸合作。尽管中美贸易占各自的份额有所下降，但双边贸易总体保 持稳定。 2024年，中美货物贸易额和服务贸易规模达6883亿美元和1558亿美元，较2017年分别增长18%和 34.7%。事实证明，中美经贸合作有坚实的经济基础和民意基础，人为的"脱钩"是脱不掉的。 王文涛 在会上表示，2018年美方挑起经贸摩擦以来，中美经贸关系可谓是跌宕起伏，标志性事件也不少，用 四句话简要概括： 文章封面图来源于AI，以上观点来自相关机构，不代表天天基金的观点，不对观点的准确性 和完整性做任何保证。收益率数据仅供参考，过往业绩和走势风格不预示未来表现，不构成 ↓ 点击"阅读原文" 或上天天基金A ...

Core Viewpoint - The press conference highlighted the achievements of China's "14th Five-Year Plan" in promoting high-quality business development, emphasizing the resilience of the economy and the importance of domestic consumption as a growth driver [2][4]. Group 1: Achievements in Domestic Consumption - The domestic consumption market is expected to exceed 50 trillion yuan this year, with an average annual growth rate of 5.5% over the past four years [2]. - The share of residents' service consumption expenditure has increased by 3.5 percentage points to 46.1%, indicating a robust growth in service consumption [2]. - Consumption has contributed approximately 60% to economic growth annually, reinforcing its role as a primary engine for economic development [2]. Group 2: Foreign Trade and Investment - China maintains its position as the world's largest goods trader, with export and import market shares stable at over 14% and 10%, respectively [2][10]. - The service trade scale ranked second globally, surpassing 1 trillion USD for the first time last year [2][10]. - Cumulative foreign investment absorption has exceeded 700 billion USD since the beginning of the "14th Five-Year Plan," surpassing expectations [10]. Group 3: High-Level Opening Up - The negative list for foreign investment access has been continuously reduced, with all restrictions in the manufacturing sector eliminated [3]. - The establishment of 22 pilot free trade zones has facilitated comprehensive reform and opening-up, aligning with international high-standard trade rules [3]. - China is actively expanding its trade partnerships, with a target for goods trade with free trade partners to reach 43% by 2024 [3]. Group 4: Economic Security and Risk Management - The legal framework for foreign trade is being accelerated, with new regulations on dual-use item export controls being introduced [3]. - The government is enhancing its capacity to manage trade disputes and safeguard foreign investment security [3]. Group 5: Future Consumption Policies - The Ministry of Commerce plans to convert successful consumer policies into long-term strategies while adapting to changing international conditions [11][12]. - Future policies will aim to stimulate consumption, enhance service consumption potential, and expand domestic demand comprehensively [12].