Group 1: Report Industry Investment Rating - No information provided Group 2: Core Views of the Report - The mid - stream is continuously differentiating, and the prices of the upstream are warming up [1] - The production industry in Beijing encourages the development of value - added services based on commercial satellite data and the integration of the industrial chain [1] - The service industry will develop service trade, open up the service market, and promote the export of various services [1] Group 3: Summary by Related Catalogs Upstream - In the non - ferrous metals sector, the price of nickel has rebounded [2] - In the agricultural sector, the prices of eggs and palm oil have rebounded [2] - In the energy sector, the price of liquefied natural gas has continued to rise [2] Mid - stream - In the chemical industry, the operating rates of PX and urea have remained at high levels [3] - In the energy industry, the coal consumption of power plants is at a low level [3] - In the infrastructure industry, the operating rate of road asphalt is at a low level [3] Downstream - In the real estate industry, the sales of commercial housing in first, second, and third - tier cities have seasonally declined [3] - In the service industry, the number of domestic flights has continued to increase [3] Key Industry Price Indicators - Agricultural products: On January 26, the spot price of corn was 2267.1 yuan/ton with a year - on - year increase of 0.13%; the spot price of eggs was 8.3 yuan/kg with a year - on - year increase of 5.48%; the spot price of palm oil was 9000.0 yuan/ton with a year - on - year increase of 3.16%; the spot price of cotton was 15997.7 yuan/ton with a year - on - year increase of 1.01%; the average wholesale price of pork was 18.7 yuan/kg with a year - on - year increase of 0.81% [38] - Non - ferrous metals: On January 26, the spot price of copper was 102426.7 yuan/ton with a year - on - year increase of 1.27%; the spot price of zinc was 24682.0 yuan/ton with a year - on - year increase of 1.15%; the spot price of aluminum was 24040.0 yuan/ton with a year - on - year increase of 0.63%; the spot price of nickel was 153883.3 yuan/ton with a year - on - year increase of 5.66%; the spot price of aluminum was 17031.3 yuan/ton with a year - on - year decrease of 0.29% [38] - Ferrous metals: On January 26, the spot price of rebar was 3214.7 yuan/ton with a year - on - year decrease of 0.55%; the spot price of iron ore was 815.6 yuan/ton with a year - on - year decrease of 1.08%; the spot price of wire rod was 3425.0 yuan/ton with a year - on - year decrease of 1.58%; the spot price of glass was 13.1 yuan/square meter with a year - on - year increase of 1.56% [38] - Non - metals: On January 26, the spot price of natural rubber was 16016.7 yuan/ton with a year - on - year increase of 3.50%; the China Plastics City Price Index was 777.6 with a year - on - year increase of 0.30% [38] - Energy: On January 26, the spot price of WTI crude oil was 61.1 US dollars/barrel with a year - on - year increase of 2.92%; the spot price of Brent crude oil was 65.1 US dollars/barrel with a year - on - year increase of 1.47%; the spot price of liquefied natural gas was 3668.0 yuan/ton with a year - on - year increase of 4.38%; the coal price was 806.0 yuan/ton with a year - on - year increase of 0.37% [38] - Chemical industry: On January 26, the spot price of PTA was 5247.5 yuan/ton with a year - on - year increase of 4.75%; the spot price of polyethylene was 6846.7 yuan/ton with a year - on - year increase of 0.54%; the spot price of urea was 1745.0 yuan/ton with a year - on - year decrease of 1.27%; the spot price of soda ash was 1202.9 yuan/ton with a year - on - year decrease of 0.94% [38] - Real estate: On January 26, the national cement price index was 133.5 with a year - on - year decrease of 0.75%; the building materials composite index was 114.9 with a year - on - year decrease of 0.74%; the national concrete price index was 90.2 with a year - on - year change of 0.00% [38]

Group 1 - The core viewpoint of the news is that by 2025, China's consumption will significantly boost economic growth, with retail sales expected to exceed 50 trillion yuan, reaching 50.1 trillion yuan, a growth of 3.7% [1] - The contribution rate of consumption to economic growth is projected to reach 52%, an increase of 5 percentage points [1] - China's foreign trade is expected to reach a record high in 2025, with total goods import and export projected at 45.47 trillion yuan, growing by 3.8% [1] - The number of businesses engaged in import and export activities is expected to exceed 780,000, with private enterprises accounting for 57.3% of total foreign trade [1] Group 2 - In 2025, China aims to attract and utilize foreign investment more effectively, with over 70,000 new foreign enterprises expected to be established, a growth of 19.1% [1] - Foreign investment absorption is projected to reach 747.69 billion yuan, with high-tech industries accounting for 32.3% of this investment [1] - Direct non-financial investment abroad is expected to reach 1 trillion yuan, growing by 1.6% [1] Group 3 - China has signed 24 free trade agreements with 31 countries and regions, with free trade partners accounting for 45% of total goods trade [2] - The focus for this year will be on expanding market access and opening up sectors such as telecommunications, healthcare, and education [2] - Various measures will be implemented to enhance the capacity and quality of the service industry [2]

在发展服务贸易方面，王志华表示，商务部将完善跨境服务贸易负面清单管理制度，有序推进服务市场 开放，建设国家服务贸易创新发展示范区。扩大优势生产性服务出口，促进知识产权、人力资源等服务 贸易集聚发展，鼓励设计、咨询、金融、会计、法律等专业服务机构提升国际化服务能力，鼓励中文教 育、中医药、中餐等传统优势服务出口。出台扩大入境消费的政策措施。 此外，商务部还将于近期上线国家层面的海外综合服务大平台。商务部外国投资管理司负责人王亚介 绍，该平台统筹外事、法律、财税、金融、经贸、物流、海关、贸促等领域服务资源，围绕企业出海有 关的政策咨询、业务办理、国别信息、动态资讯、资源对接、风险防控等共性需求，形成一个窗口、一 站式出海服务平台。 1月26日，商务部多位相关负责人在国新办新闻发布会上表示，2026年，商务部将坚定不移扩大高水平 对外开放，着力塑造吸引外资新优势。深化外商投资促进体制机制改革，擦亮"投资中国"品牌。同时， 商务部将全力稳住外贸基本盘，大力发展服务贸易，出台扩大入境消费的政策措施。 完善跨境服务贸易负面清单 "就2026年的外贸形势来讲，当前中国面临的外部环境发生深刻复杂的变化，战略机遇和风险挑战并 ...

今日关注 央行召开2026年宏观审慎工作会议。 特朗普称提高对韩国多种商品关税税率至25%。 宇树科技宣布成为2026年春晚机器人合作伙伴。 重要的消息有哪些 1．2026年1月22日，中国人民银行召开2026年宏观审慎工作会议。会议要求，2026年宏观审慎工 作要继续按照构建覆盖全面的宏观审慎管理体系部署，强化中央银行宏观审慎管理功能，持续完 善宏观审慎和金融稳定委员会工作机制，逐步拓展宏观审慎政策覆盖范围，前瞻性研判系统性金 融风险隐患，创新丰富政策工具箱，维护金融市场稳健运行和金融体系整体稳定。以服务构建新 发展格局为导向，进一步完善人民币跨境使用政策，促进货物贸易便利化，优化人民币清算行布 局，更好发挥货币互换作用，发展人民币离岸市场，支持上海国际金融中心建设，更好满足各类 主体人民币交易结算、投融资、风险管理等需求。 2．美国总统特朗普日前称，若加拿大同中国达成贸易协定，美方将对所有加拿大进口商品征收 100%关税。对此，外交部发言人郭嘉昆26日在例行记者会上表示，中国主张各国应以共赢而非零 和的理念、合作而非对抗的方式处理国与国关系。中加构建新型战略伙伴关系，就妥善解决中加 之间经贸问题作出一些具 ...

Group 1 - The Ministry of Commerce will initiate the construction of a national digital trade demonstration zone and develop relevant standards for digital trade [1] - In 2026, the Ministry of Commerce plans to expand market access and open fields, focusing on the service industry, including telecommunications and education [1] - The People's Bank of China will increase the issuance scale of offshore RMB bonds to enhance pricing capabilities and market liquidity [3][5] Group 2 - The Ministry of Commerce aims to accelerate the cultivation of international consumption center cities and promote new consumption scenarios [3] - There will be a strong push for the development of service trade, including the establishment of a national service trade innovation development demonstration zone [3] - The Ministry of Commerce will deepen the opening of fields such as cloud computing and guide foreign investment towards service consumption [6] Group 3 - The global hedge fund industry has reached a record high of nearly $5.2 trillion in assets, with significant inflows expected in 2026 [10]

新华社北京1月26日电 题：2026年如何提振消费、稳定外贸、拓展双向投资？国新办这场发布会回应关切 新华社记者谢希瑶、黄韬铭、王聿昊 2026年，我国将如何提振消费、支持外贸创新发展、拓展双向投资新空间？在国务院新闻办公室1月26日举行的新闻发布会上，商务部有关负 责人回应外界关切。 形成外贸政策"组合拳"、指导跨境电商综试区大力发展跨境电商赋能产业带、打响"出口中国"品牌……商务部对外贸易司司长王志华表示， 2026年商务部将多措并举全力稳住外贸基本盘，有序推进服务市场开放。 服务贸易和数字贸易是推动贸易创新发展的重要抓手。王志华说，2026年将完善跨境服务贸易负面清单管理制度，建设国家服务贸易创新发展 示范区。扩大优势生产性服务出口，促进知识产权、人力资源等服务贸易集聚发展，鼓励设计、咨询、金融、会计、法律等专业服务机构提升 国际化服务能力，鼓励中文教育、中医药、中餐等传统优势服务出口。 在创新发展数字贸易方面，将启动建设国家数字贸易示范区。制订数字贸易相关标准，推动国内国际标准相通相容。推动服务外包数字化转 型，培育壮大数字贸易经营主体。 经贸合作是共建"一带一路"的重要内容。"我们将推动同更多有意愿 ...

1月26日，国新办举行新闻发布会，介绍2025年商务工作及运行情况。 2025年商务工作成绩亮眼 商务部副部长鄢东介绍，过去一年，商务工作取得了亮眼的成绩单： 在消费领域，全年社会消费品零售总额首次突破50万亿元，达到50.1万亿元，增长3.7%，消费 对经济增长的贡献率达到52%，提高了5个百分点；全年服务零售额增长5.5%，文体休闲、旅游 咨询租赁、交通出行等服务零售额保持两位数的增长。 外贸规模创历史新高，全年货物进出口45.47万亿元，增长3.8%；前11个月服务进出口7.2万亿 元，增长7.1%。 在双向投资层面，全年新设外资企业7万余家，增长19.1%，吸收外资7476.9亿元，其中高技术 产业引资占比32.3%。全年对外非金融类直接投资1万亿元，增长1.6%，对外承包工程新签合同 额2.1万亿元，增长8.5%。 在国际合作中，我国已与31个国家和地区签署24个自贸协定，自贸伙伴占货物贸易总额的 45%；从多边看，中方宣布在世贸组织当前和未来谈判中不寻求新的特殊和差别待遇，推动联合 国多家机构、APEC、上合、金砖国家、G20等达成务实经贸发展成果，中国发布的《绿色矿产 国际经贸合作倡议》，已有2 ...

王志华还称，未来商务部将指导跨境电商综试区大力发展跨境电商赋能产业带，支持海外仓企业加快智 能化改造。着力拓展绿色贸易，提升绿色低碳产品国际竞争力。推动人工智能赋能外贸发展，提升贸易 全链条数字化水平。 此外，中国将大力发展服务贸易，完善跨境服务贸易负面清单管理制度，有序推进服务市场开放，建设 国家服务贸易创新发展示范区。扩大优势生产性服务出口，促进知识产权、人力资源等服务贸易集聚发 展，鼓励设计、咨询、金融、会计、法律等专业服务机构提升国际化服务能力，鼓励中文教育、中医 药、中餐等传统优势服务出口。 在创新发展数字贸易方面，王志华表示，中国将启动建设国家数字贸易示范区，制订数字贸易相关标 准，推动国内国际标准相通相容。推动服务外包数字化转型，培育壮大数字贸易经营主体。(完) 中新社北京1月26日电 (记者 尹倩芸)中国商务部对外贸易司司长王志华26日在国新办新闻发布会上透 露，中国将出台扩大入境消费政策措施。 王志华当日在会上提到，今年中国将形成外贸政策"组合拳"，服务好外贸企业，助力企业降本增效，适 时研究出台新政策，创新支持举措。同时，拓展多元市场，加大对企业赴境外参展力度，举办系列贸易 促进活动，办好 ...

二是拓展多元市场。加大对企业赴境外参展力度，举办系列贸易促进活动，办好第139届、140届广交会，鼓励企业用好国别贸易指南和外贸促进 信息，帮助企业更好对接市场。 三是加快创新赋能。指导跨境电商综试区大力发展跨境电商赋能产业带，支持海外仓企业加快智能化改造。着力拓展绿色贸易，提升绿色低碳产 品国际竞争力。推动人工智能赋能外贸发展，提升贸易全链条数字化水平。 2026年，外部环境变化影响加深，贸易壁垒增多。如何看待今年的外贸形势，将采取哪些举措推动外贸高质量发展？ 1月26日，国务院新闻办举行发布会。商务部对外贸易司司长王志华在回答第一财经记者提问时表示，当前中国面临的外部环境发生深刻复杂的变 化，战略机遇和风险挑战并存，不确定、难预料因素增多。同时我们也要看到，中国经济基础稳、优势多、韧性强、潜能大，外贸发展仍然具备 诸多有利的条件。 王志华表示，今年将强化政策抓手，拓展多元市场，加快创新赋能，推动平衡发展，大力发展服务贸易，创新发展数字贸易，全力稳住外贸基本 盘。 王志华介绍，2026年，商务部将认真贯彻党中央、国务院决策部署，锚定提质增效目标，全力稳住外贸基本盘，有序推进服务市场开放，为"十五 五"开好局 ...

Core Viewpoint - The Ministry of Commerce emphasizes the resilience of foreign trade, highlighting effective responses to external challenges and the promotion of diversified markets and trade innovation [1] Group 1: Trade Performance - The total import and export value for the year reached 45.47 trillion yuan, marking a growth of 3.8% [1] - In the first 11 months, the service import and export value was 7.2 trillion yuan, with a growth rate of 7.1% [1] Group 2: Business Activity - The number of enterprises engaged in import and export activities exceeded 780,000, with private enterprises accounting for 57.3% of the total foreign trade value [1] Group 3: Trade Balance and Initiatives - There is a stronger focus on balanced development of imports and exports, with significant events like the China International Import Expo being organized to facilitate trade [1] - Initiatives such as "Shared Big Market · Export to China" are being launched to promote the entry and sales of high-quality global products [1]