Core Viewpoint - The article emphasizes the imminent launch of the Hainan Free Trade Port's customs operation, which is set to officially begin on December 18, 2025, marking a new phase in its development [4]. Group 1: Hainan Free Trade Port Development - The central economic work conference held on December 10-11 outlined the need for steady progress in institutional openness and the construction of the Hainan Free Trade Port, highlighting a pragmatic and methodical approach to development [3]. - The concept of "one line" and "two lines" is introduced, where "one line" refers to the open policies between Hainan and foreign countries, while "two lines" involves precise management of the relationship between Hainan and the mainland [5]. - Risk prevention is identified as a critical factor for the success of the Free Trade Port, with preparations made to address key risk areas such as smuggling, taxation, and environmental concerns [5]. Group 2: Operational Readiness and Policy Framework - A third round of pressure testing for the customs operation was conducted from December 2-10, with positive evaluations on the coordination among customs, police, and other departments, indicating readiness for the upcoming launch [5]. - Policy documents related to import taxation, restricted items, and tax exemptions for value-added processing have been issued, with ongoing support from the National Development and Reform Commission to enhance the policy framework [5]. - Experts suggest that the Hainan Free Trade Port's development will not only benefit the region but also serve as a model for higher levels of openness across the country, aligning with global trends in trade and investment liberalization [6].

Core Viewpoint - The Hainan Free Trade Port is set to officially commence its customs closure operations on December 18, marking a new phase in its development, with a focus on systematic and high-quality progress in its construction [1][2]. Group 1: Customs Closure Operations - The customs closure will transform Hainan Island into a special customs supervision area, implementing a policy of "one line" for liberalization and "two lines" for management, which requires effective management of the "two lines" while allowing freedom on the "one line" [2]. - The Hainan Provincial Deep Reform Office has conducted pressure tests and risk assessments to prepare for potential risks such as smuggling, taxation, and ecological issues, ensuring that the necessary regulations and mechanisms are in place [2]. Group 2: Policy and Institutional Framework - The import tax item catalog, restricted and prohibited lists, and policies for duty-free processing and domestic sales have been issued as part of the customs closure policy framework [3]. - The National Development and Reform Commission has indicated that it will support Hainan in continuously improving its policy system to align with high-level free trade port standards and accelerate its opening-up process [3]. Group 3: Broader Implications - The construction of the Hainan Free Trade Port is expected to have a ripple effect, promoting higher levels of openness across the country, aligning with global trends in trade and investment liberalization [3]. - Local businesses are optimistic about the acceleration and intensification of efforts in the construction of the free trade port as the customs closure approaches [3].

Core Insights - The Chinese new tea beverage market has grown to over 350 billion yuan, transitioning from rapid expansion to a critical transformation phase focused on quality and efficiency [1][2] - The industry is experiencing a slowdown in growth, with a projected market size of 354.7 billion yuan in 2024, reflecting a year-on-year growth rate of only 6.4%, significantly lower than the 24.9% compound annual growth rate from 2017 to 2022 [2] - Key future directions for the industry include health-oriented products, digital transformation, and increased market concentration among leading brands [1][4] Market Dynamics - The market is characterized by a "total increase, declining growth rate, and differentiated landscape," with the total number of tea beverage stores exceeding 415,000, but a net decrease of 39,000 stores in the past year due to closures [2] - Leading brands like Mixue Ice City and Bawang Chaji are expanding despite market challenges, with Mixue Ice City reaching 53,000 global stores and Bawang Chaji increasing its store count by over 40% [2][3] Financial Performance - Mixue Ice City went public in March 2025, achieving a market capitalization of 148.3 billion HKD and generating revenue of 14.875 billion yuan with a net profit of 2.718 billion yuan in the first half of 2025 [3] - In contrast, mid-tier brands like Heytea and Nayuki are facing revenue declines, with Heytea's revenue dropping by 1.9% and Nayuki's by 4.7% [3] Quality Improvement Focus - The industry is shifting from scale expansion to quality enhancement, with health, digitalization, globalization, and market differentiation as core features driving this transition [4] - The use of sugar substitutes in milk tea is projected to reach 61.3% by 2025, with a significant increase in the consumption of erythritol and plant-based ingredients [4] Digital Transformation - Digitalization is becoming essential, with leading brands enhancing their supply chain management and operational efficiency through technology [5][8] - The average capacity utilization rate of tea beverage raw material production has increased to 89.4%, and the application of blockchain technology in sourcing is on the rise [5] Global Expansion - Leading brands are accelerating their international expansion, with Bawang Chaji achieving an overseas GMV of over 300 million yuan, marking a 75.3% year-on-year growth [6] - Mixue Ice City has over 4,800 overseas stores, demonstrating the replicability of its business model in Southeast Asia [6] Challenges and Opportunities - The industry faces challenges such as raw material price volatility, severe product homogenization, and rising compliance costs [7] - To remain competitive, brands are diversifying their supply chains and leveraging technology to mitigate risks and enhance operational resilience [8] Future Outlook - The tea beverage industry is expected to enter a phase of category integration, digital empowerment, and initial globalization from 2026 to 2030, with a market size projected to exceed 1.05 trillion yuan, reflecting a 19% year-on-year growth [9] - The market is moving from a phase of "wild growth" to "refined cultivation," indicating a profound change in growth logic driven by health demands, digitalization, and globalization [9]

美联储独立到政府干预，从美元霸权到美元质疑，从工厂 自动化到办公室人工智能，从《巴黎协定》 到"美国优先"， 目光所及，我们的世界正处在一场剧烈且在不断加速的变 革档口。 一些人依然看到了 乐观的理由：多国政策制定者致 力于推动本土产业升级与高质量就业，并倡导更为均衡 的国际责任分 担；面对通胀等复杂挑战，各国央行正探索 超越传统框架的政策思路；兴起的人工智能浪潮，有望将 人类从重复性劳动中解放，提升整体福祉。 风险隐忧，不容小觑。保护主义正为美国招致滞胀幽 灵， 令全球增长前景蒙尘。美国安全承诺的终结，无异于 打开了地区冲突的潘多拉魔盒。随全球化进程步 入调整 阶段，部分国家关税政策的波动为国际货币体系带来新 的讨论；人工智能在推动生产力进步的 同时，也需关注其 可能伴生的结构适应挑战与社会分配议题；而夏季频繁 的极端气候，正提醒全球共 同面对气温上升所带来的长期生态压力。 ——Stephanie Flanders 和Tom Orlik 来源：商业周刊 ...

12月11日至12日，2026年亚太经合组织(APEC)非正式高官会在深圳举行。这是我国担任2026年APEC东 道主主办的首场活动，拉开APEC"中国年"帷幕。 此次会议主要目的是推动APEC各方就明年APEC会议有关计划和安排集思广益、达成一致，确定主办 经济体的工作计划、筹备工作和会议日程表。 12月11日上午，主题和优先领域研讨会上，APEC高官、工商界代表、专家学者等齐聚一堂，探讨构建 亚太共同体的新图景、新机遇、新展望。 亚太发展面临更多不确定性 来自21个经济体的代表与专家学者约200人参会。中国太平洋经济合作全国委员会会长詹永新致欢迎 辞，亚太经合组织秘书处执行主任爱德华多·佩德罗萨，外交部国际经济司司长、2026年亚太经合组织 高官会副主席兼总干事白天发表主旨演讲。 会上，白天表示，亚太经合组织的研讨会不仅为APEC未来的合作提供指导方针，还激发了亚太地区长 期合作的灵感，"回顾过去四十年，我们有理由为亚太地区取得的显著成就感到自豪。"白天说，当前， 世界经济面临错综复杂的变局和动荡，单边主义和保护主义抬头，亚太发展也面临更多不确定性，在这 场较量中，如何推动合作发展至关重要，也是亚太经合组 ...

南都讯 12月11日至12日，2026年亚太经合组织（APEC）非正式高官会在深圳举行。这是我国担任2026 年APEC东道主主办的首场活动，拉开APEC"中国年"帷幕。 在刘晨阳看来，研讨会嘉宾们对APEC当下面临的机遇和挑战，有着高度的共识，最大的共同点是认为 APEC应该突出务实合作，尽量规避外部干扰因素的影响，把实际可行的合作推进下去，比如在AI和创 新领域的合作、在互联互通领域的合作，这些领域是APEC成员的最大公约数领域，"作为东道主城市， 也希望明年能发挥深圳的城市特色，体现中国驱动亚太经济增长以及创新赋能的影响力及贡献，这也是 深圳城市的机遇，我对深圳作为东道主城市非常期待。" "我对会议充满期待，"郑永年说，我们也要继续推行全球化，"中国的理论和实践是非常成熟的，作为 第二大经济体，制度型开放、单边开放等政策措施，本身就是对APEC国家最好的公开，中国也不会把 自己的意志强加给其他国家，相信中国会以自己的方式推动经济的区域化和全球化。" 南开大学中国APEC研究院院长刘晨阳在接受南都记者采访时表示，首场活动的研讨会主要是向APEC 成员广泛征集主题思路，研讨会本身也是一场"头脑风暴"，"大家 ...

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"深圳是我国开放的典型，深圳的故事就是我们国家改革开放的故事。"12月11日，香港中文大学(深圳)前海国际事务研究院院长 郑永年说。 "无论是改革开放，还是全球化浪潮都深刻塑造了这座城市，深圳的经验说明开放与产业能力如何相互促进。"他说。 21世纪经济报道记者李金萍深圳报道 郑永年表示，中国作为世界第二大经济体持续扩大开放，这本身就是对亚太经合组织(APEC)成员最好的公共产品。全球化对中 国及世界经济发展至关重要。全球化进程不会停滞，而是需要通过调整方式实现更公平的"动态优化"。 他认为，中国明确表态将持续推行全球化，在实践层面坚持不将自身意志强加于人的原则，而是以自主、平等的姿态提供国际 公共品，推动多边合作形成合力。 本月11日至12日，2026年APEC非正式高官会在深圳举行。这是中国担任2026年APEC东道主主办的首场活动，也是深圳在APEC 下的首次正式亮相。 ...

"无论是改革开放，还是全球化浪潮都深刻塑造了这座城市，深圳的经验说明开放与产业能力如何相互 促进。"他说。 本月11日至12日，2026年APEC非正式高官会在深圳举行。这是中国担任2026年APEC东道主主办的首 场活动，也是深圳在APEC下的首次正式亮相。 （原标题：21对话｜郑永年：深圳的故事就是我们国家改革开放的故事） 郑永年表示，中国作为世界第二大经济体持续扩大开放，这本身就是对亚太经合组织（APEC）成员最 好的公共产品。全球化对中国及世界经济发展至关重要。全球化进程不会停滞，而是需要通过调整方式 实现更公平的"动态优化"。 21世纪经济报道记者 李金萍 深圳报道 他认为，中国明确表态将持续推行全球化，在实践层面坚持不将自身意志强加于人的原则，而是以自 主、平等的姿态提供国际公共品，推动多边合作形成合力。 "深圳是我国开放的典型，深圳的故事就是我们国家改革开放的故事。"12月11日，香港中文大学（深 圳）前海国际事务研究院院长郑永年说。 ...

南开大学中国APEC研究院院长刘晨阳在接受南都记者采访时表示，首场活动的研讨会主要是向APEC 成员广泛征集主题思路，研讨会本身也是一场"头脑风暴"，"大家对新形势下推进亚太经贸合作有着高 度共识，如何推进APEC新愿景落地，以及达成看得见摸得着的成果，是大家很有共识的方面。" 在刘晨阳看来，研讨会嘉宾们对APEC当下面临的机遇和挑战，有着高度的共识，最大的共同点是认为 APEC应该突出务实合作，尽量规避外部干扰因素的影响，把实际可行的合作推进下去，比如在AI和创 新领域的合作、在互联互通领域的合作，这些领域是APEC成员的最大公约数领域，"作为东道主城市， 也希望明年能发挥深圳的城市特色，体现中国驱动亚太经济增长以及创新赋能的影响力及贡献，这也是 深圳城市的机遇，我对深圳作为东道主城市非常期待。" 采写/拍摄：南都N视频记者 徐全盛 首场活动中，APEC高官、工商界代表、专家学者等齐聚一堂举行研讨会，探讨构建亚太共同体的新图 景、新机遇、新展望。香港中文大学（深圳）公共政策学院院长、前海国际事务研究院院长郑永年接受 媒体采访时表示，开放的区域化、全球化对经济发展非常重要，全球化不会停止，APEC是和全球化相 ...