Core Viewpoint - The forum aims to provide a high-end platform for Chinese enterprises to explore opportunities and challenges in global expansion amidst the restructuring of global industrial chains [1]. Group 1: Opportunities for Chinese Enterprises - The first opportunity is to leverage the significant changes in the global economic system, particularly through the "Belt and Road" initiative, which has established a legal framework for Chinese enterprises to invest and trade abroad, with 250 cooperation agreements signed with 150 countries and over 30 international organizations [4]. - The second opportunity lies in utilizing the new scientific and technological revolution, where China's large manufacturing sector can benefit from advanced technologies like artificial intelligence, enhancing international competitiveness [4]. - The third opportunity is to seize the restructuring of global industrial chains, emphasizing that competition is shifting from company-to-company to industry-to-industry, encouraging Chinese enterprises to adopt a multi-national and diversified approach in their global strategies [4][5].

Core Insights - The recent agreement between China and the U.S. on rare earth cooperation highlights a strategic exchange rather than a unilateral concession, with China issuing temporary export licenses to U.S. automakers in exchange for reduced technology export restrictions from the U.S. [2] - The U.S. military's heavy reliance on rare earth elements is critical, with 87% of its main battle equipment depending on these materials, indicating a severe vulnerability in the supply chain [4] - China's strategic move to establish a dual barrier of technology and regulatory standards in the rare earth sector positions it as a rule-maker in the global market, enhancing its leverage in future negotiations [6][7] Group 1: Strategic Dynamics - The temporary export licenses issued by China to companies like General Motors and Ford are part of a broader strategy to secure high-end technology while maintaining its position as a key player in the rare earth market [2] - The U.S. has invested $50 billion to rebuild its rare earth supply chain, but it may take 10-15 years to achieve self-sufficiency, highlighting a significant strategic miscalculation [4] - China's establishment of a tracking system and zero-carbon certification for rare earths reflects its ambition to transition from being a mere exporter to a global standard-setter [7] Group 2: Global Implications - The dependency of U.S. industries on Chinese rare earths has prompted Europe and Japan to form alliances to diversify their supply chains, yet many European automakers still seek limited engagement with China [6] - The competition for rare earths has evolved into a battle for standards, with China leveraging its dominant production and refining capabilities to create a closed-loop system for resource management [6][8] - The ongoing rare earth competition is a microcosm of broader resource conflicts, with China's integrated strategy transforming rare earths into a pivotal factor in shaping global industrial dynamics [8]

Group 1 - The EU is seeking to resolve rare earth supply issues before the upcoming visit of EU leaders to China, highlighting the urgency of the situation [2] - China's Foreign Minister Wang Yi proposed three suggestions for the development of China-EU relations, emphasizing mutual respect, partnership, and multilateralism [2] - The EU's concerns about rare earth supply shortages stem from China's dominance in the market, controlling over 90% of global rare earth refining capacity, which is critical for various European industries [4][9] Group 2 - The EU's demands regarding rare earth supplies reveal a logical inconsistency, as China's export controls are primarily a response to U.S. tariffs and not aimed at specific countries [6] - The EU's dual standards in economic governance are evident, as it calls for stable global supply chains while simultaneously imposing barriers on Chinese enterprises [9] - China's strategy includes a systematic approach to enhance its rare earth capabilities, including establishing research institutions and combating smuggling, which contrasts with the EU's reactive measures [12][14] Group 3 - The EU's strategic behavior reflects its difficulties in navigating the global supply chain restructuring, as China employs a combination of technology and resource control to reshape the rules of the game [15] - The potential visit of EU Commission President Ursula von der Leyen to China is contingent on the EU's ability to address its own issues and avoid politicizing economic discussions [14][15] - The long-term dependency of Europe on Chinese rare earths is underscored by the challenges in developing local resources, which could take at least a decade to become viable [14]

Core Viewpoint - The imposition of a 50% tariff on imported steel and aluminum by the Trump administration is reshaping the global metal trade landscape, particularly leading to a significant increase in European scrap metal exports to the U.S. [1][3] Group 1: Trade Dynamics - European scrap metal exports to the U.S. surged nearly twofold in the first three months of 2025, reaching 6,028 metric tons, highlighting the rapid rise of "duty-free scrap" in the market [1][3] - U.S. domestic companies are increasingly turning to unrestricted scrap materials as a workaround to avoid tariffs, enhancing the market appeal of scrap metals [3][4] Group 2: Environmental and Policy Implications - The European metal industry is concerned about the potential outflow of recyclable resources, which could undermine local supply and the EU's carbon neutrality goals [3][4] - The EU has indicated that recycling aluminum can save up to 95% of energy consumption, while recycling steel can reduce carbon emissions by 80%, linking these figures to the European Green Deal [3][4] Group 3: Future Outlook - The rapid increase in scrap metal exports to the U.S. poses risks to Europe's circular economy and may necessitate a reevaluation of resource recovery costs and supply chain stability [4][5] - The ongoing trade dynamics reflect a broader struggle for global resource allocation and the balance between environmental policies and trade practices, with the EU facing critical decisions on export restrictions [5]

Core Points - The establishment of the Guangdong Provincial World Economic Society marks a significant moment in the economic field of Guangdong Province, with nearly 300 experts and scholars from over 30 universities attending the inaugural meeting [1] - The society aims to respond to national strategic needs and enhance the international competitiveness of Guangdong's modern industrial system, focusing on research related to global industrial chain restructuring and top-level design for institutional openness [6] Group 1 - The Guangdong Provincial World Economic Society was officially approved by the Guangdong Provincial Social Science Federation, emphasizing the need for effective organization and the contribution of social science wisdom to the province's development [4] - The society's first council consists of 75 members, with key positions filled by representatives from various universities, including the honorary president from Guangzhou Business School and the president from Sun Yat-sen University [4][6] - The society will focus on integrating academic resources and conducting research on economic theories and real-world issues, particularly in the context of the Guangdong-Hong Kong-Macao Greater Bay Area [9] Group 2 - The president of the society outlined a vision for creating a long-term academic exchange platform that aligns with provincial and national strategies, aiming to enhance the theoretical and practical exploration in the economic field [6] - The society plans to innovate and create brand activities while promoting interdisciplinary research, particularly in artificial intelligence and financial technology [6] - The honorary president highlighted the importance of collaboration in addressing issues related to global industrial chains and value chains, aiming to elevate the society's academic influence and social service capabilities [9]

来源|国际财闻汇 当地时间6月11日，据彭博社报道，美国总统特朗普表示，他计划一两周内向贸易伙伴致函，设定 单边关税税率，在7月9日的最后期限前对数十个经济体重新征收更高的关税。 "到了一定时候，我们就会把信发出去。我想你们明白，这就是交易，你可以接受也可以拒绝。"特 朗普周三在华盛顿肯尼迪中心出席一场演出时对记者表示。 【全球产业链重构下，共探中国企业的生态共赢转型路径—— #2025中国企业出海高峰论坛 #报名通道 开启 】由凤凰网主办的"2025中国企业出海高峰论坛"将于6月28-29日在深圳举行。 论坛以"为开放的世界"为主题，探讨新兴市场出海攻略。潘基文、龙永图、魏建国、姜增伟等重磅嘉宾 出席，另有30余国经贸代表、超50家行业领军企业，聚焦政策研判、产业实战与区域合作，为中国企业 全球化提供系统性解决方案与资源对接平台。 论坛报名 通道现已开启， 点 击图片 或下方" 阅读原文 "报名 目前尚不清楚特朗普是否会说到做到。他经常设定两周的行动期限，但最终行动要么推迟，要么不 了了之。 特朗普5月16日曾表示，他将在"未来两三周内"对美国贸易伙伴设定关税税率。目前，美国仅与英 国达成了贸易框架，以及与 ...

目前尚不清楚特朗普是否会说到做到。他经常设定两周的行动期限，但最终行动要么推迟，要么不 了了之。 特朗普5月16日曾表示，他将在"未来两三周内"对美国贸易伙伴设定关税税率。目前，美国仅与英 国达成了贸易框架，以及与中国达成关税协议。 周三被问及是否会延长各国在加征关税生效前与美方达成协议的最后期限时，特朗普表示他对此持 开放态度。"但我认为我们没这个必要。"他补充道。 【全球产业链重构下，共探中国企业的生态共赢转型路径—— #2025中国企业出海高峰论坛 #报名通道 开启 】由凤凰网主办的"2025中国企业出海高峰论坛"将于6月28-29日在深圳举行。 论坛以"为开放的世界"为主题，探讨新兴市场出海攻略。潘基文、龙永图、魏建国、姜增伟等重磅嘉宾 出席，另有30余国经贸代表、超50家行业领军企业，聚焦政策研判、产业实战与区域合作，为中国企业 全球化提供系统性解决方案与资源对接平台。 来源|国际财闻汇 当地时间6月11日，据彭博社报道，美国总统特朗普表示，他计划一两周内向贸易伙伴致函，设定 单边关税税率，在7月9日的最后期限前对数十个经济体重新征收更高的关税。 "到了一定时候，我们就会把信发出去。我想你们明白，这 ...

Group 1 - The first meeting of the China-US economic and trade consultation mechanism took place in London from June 9 to 10, leading to a significant drop in A-shares while US stocks rose [1] - US stock indices reached new closing highs, with the Nasdaq up 0.63%, S&P 500 up 0.55%, and Dow Jones up 0.25%, marking the highest closing levels in at least three months [1] - The trade negotiations encountered a deadlock, with the US proposing a "lithography machine for rare earths" condition, which was firmly rejected by China, indicating a deeper logic of global industrial chain restructuring [1] Group 2 - China has made decisive breakthroughs in technological autonomy, with the domestic production rate of the SSB500 series lithography machine reaching 82% and the development of a 0.5-nanometer magnetic levitation drive system breaking foreign monopolies [2] - The advancements in core components such as optical systems and dual workpiece tables demonstrate China's capability for self-control, diminishing the US's leverage in negotiations [2] - The current negotiation dynamics suggest that China holds the initiative, and the dual defense of "resource control + technological breakthroughs" positions China favorably in the ongoing trade discussions [2]

章俊（中国银河证券首席经济学家、研究院院长） 中国银河证券博士后研究员李沁蔓、刘小逸、田冀霖 当前，从全球发展态势来看，新一轮科技革命和产业变革深入发展，科技创新和高技术领域成为各主要 经济体展开激烈角逐的主阵地，地缘政治、经贸、科技等领域交错的国际竞争博弈空前复杂。从我国发 展阶段来看，高质量发展阶段面临发展方式转变、新旧动能转换、经济结构调整等现实发展需要。纵使 面对多重压力，新一轮科技革命和产业变革也给全球带来新的发展契机。 发展新质生产力无疑是世界各国的共同诉求。技术的多点爆发正不断创造机遇，新质生产力正深刻改变 生产和生活方式以及全球产业链格局。我们可以将全球产业链的变化从空间、供需、价值三个维度进行 解构，来分析新质生产力是如何塑造当下的全球产业链格局变迁的。 空间维度：全球产业链分工不断细化 空间维度反映的是宏观层面产业链网络体系的地理分布和经济体之间的分工。眼下，全球创新格局的多 极化发展推动全球产业链分工不断细化。新兴市场正加快培育技术优势，抢先布局未来产业，全球产业 链迁移呈现出双向、网络化的结构趋势。 美、日、欧等传统创新高地在半导体制造等尖端领域仍然占据一定主导地位。2022年德国、美 ...

Core Insights - China's Ministry of Commerce officially responded to international concerns regarding heavy rare earth export controls on June 7, 2025, highlighting the strategic resource management as a core issue in great power competition [1][3] - The response comes amid a global robotics industry growth rate of 18% and a penetration rate of over 40% for new energy vehicles, indicating China's proactive role in the restructuring of global industrial chains [1] Summary by Categories National Security - Heavy rare earth elements like dysprosium and terbium are critical materials for hypersonic flight guidance systems and quantum communication devices, confirming their strategic importance as recognized by the EU's Critical Raw Materials Act and the US Defense Production Act [3] - The Ministry of Commerce emphasized the "dual-use property control," aligning with the G7's revised Wassenaar Arrangement, which includes 12 new rare earth control clauses [3] - In 2024, China's export volume of rare earth permanent magnet materials decreased by 9.3% year-on-year, while domestic consumption in high-end manufacturing increased by 22%, indicating a trend towards strategic resource allocation [3] International Responsibility - China has established the world's first rare earth full lifecycle traceability system, enabling digital regulation from mining to terminal export [3] - In 2024, the issuance of compliant rare earth export licenses remained at 35%-40% of annual production, supporting stable supply chains for countries like Japan and Germany in the electric vehicle sector and aiding the EU's hydrogen strategy for 2035 [3] - This "precise supply" model avoids chaotic competition from emerging rare earth producers like Australia and Myanmar, providing an Eastern solution for international non-proliferation systems [3] Diplomatic Strategy - In response to the US-Japan-Europe alliance's call for "diversification of rare earth supply chains," China has demonstrated diplomatic wisdom by reaching a framework agreement on rare earth processing technology transfer with Germany during the Munich Security Conference in May 2025 [4] - The China-Japan-Korea Free Trade Agreement negotiations have added special clauses for rare earth cooperation, indicating a structured approach to international collaboration [4] - In 2024, China's exports of deep-processed rare earth products to member countries of the Shanghai Cooperation Organization increased by 17%, while exports of primary products decreased by 24%, reflecting a structural adjustment that maintains core technological advantages [4] Global Supply Chain Dynamics - As a stabilizer in the global rare earth supply chain, China's control measures are seen as a necessary choice in the "resilience era" of globalization, balancing national security and international responsibilities [4] - With a resource reserve share of 37% but accounting for 90% of global processing capacity, China's policies are positioned to meet dual demands [4] - The establishment of a compliance review system may become an important reference for global strategic resource management as new regulatory standards from the International Atomic Energy Agency and enhanced ESG requirements from multinational corporations emerge [4]