1. Report Industry Investment Ratings - Iron ore: Oscillating with a bullish bias [2] - Coking coal and coke: Oscillating with a bullish bias [2] - Rebar and rolled steel: Oscillating [2] - Glass: Rebounding [2] - Soda ash: Adjusting [2] - CSI 50: Oscillating [2] - CSI 300: Oscillating [2] - CSI 500: Rebounding [4] - CSI 1000: Rebounding [4] - 2 - year Treasury bond: Oscillating [4] - 5 - year Treasury bond: Oscillating [4] - 10 - year Treasury bond: Rebounding [4] - Gold: High - level oscillation [4] - Silver: High - level oscillation [4] - Logs: Range - bound oscillation [6] - Pulp: Bottom consolidation [6] - Offset paper: Bearish outlook [6] - Edible oils: Wide - range oscillation [5] - Soybean meal: Oscillating with a bearish bias [5] - Rapeseed meal: Oscillating with a bearish bias [5] - Soybean No. 2: Oscillating with a bearish bias [7] - Soybean No. 1: Oscillating with a bearish bias [7] - Live pigs: Oscillating with a bullish bias [7] - Rubber: Oscillating [10] - PX: On the sidelines [10] - PTA: Oscillating [10] - MEG: On the sidelines [10] - PR: On the sidelines [10] - PF: On the sidelines [10] 2. Core Views - The Fed's interest rate cut has landed as expected, and after the National Day, trading focus will gradually shift to reality. Different commodities have different supply - demand situations and price trends [2][4]. - Gold's pricing mechanism is shifting, and factors such as central bank gold purchases, geopolitical risks, and the US economic situation affect its price [4]. - Various factors such as supply - demand, policies, and seasonal factors impact the prices of commodities in different industries [2][5][6][7][10]. 3. Summary by Related Catalogs Ferrous Metals - Iron ore: Overseas supply decreased slightly but remained at a high level in recent years. Port arrivals increased, demand rebounded, and the 2601 contract adjusted at a high level [2]. - Coking coal and coke: As the double - festival replenishment period approaches, procurement enthusiasm increased. Supply may be weaker than last year, and the futures market rebounded [2]. - Rebar and rolled steel: Data met expectations, production increased slightly, demand was lackluster, and the 2601 contract oscillated with a bullish bias [2]. - Glass: Enterprises raised prices, short - term price increases may stimulate downstream replenishment, and demand improved slightly, but the long - term real estate adjustment continued [2]. Financial Products - Stock index futures/options: Different stock indices showed different trends, with some sectors having capital inflows and others outflows [2]. - Treasury bonds: Yields and market interest rates fluctuated, and the market was affected by factors such as central bank operations [4]. - Gold and silver: Gold's pricing mechanism is changing, and factors such as geopolitical risks, the US economic situation, and central bank gold purchases affect their prices [4]. Light Industry - Logs: Supply tightened, inventory decreased, cost support weakened, and prices were expected to oscillate in a range [6]. - Pulp: Spot prices were divided, cost support increased, but demand was weak, and prices were expected to consolidate at the bottom [6]. - Offset paper: Production was stable, demand was weak during the off - season, and the industry was bearish [6]. Oils and Fats - Oils: Palm oil inventory increased, production decreased due to disasters, and demand from India increased. Domestic oil supply was abundant, and prices were expected to oscillate widely [5]. - Meal: US soybean production increased, export demand was weak, and domestic supply was abundant, with prices expected to oscillate with a bearish bias [5]. Agricultural Products - Live pigs: Average transaction weight increased, supply was abundant, demand was weak, and prices were expected to oscillate weakly in the short term [7]. Soft Commodities - Rubber: Supply pressure decreased in some areas, demand increased slightly, inventory decreased, and prices were expected to oscillate widely [10]. - PX, PTA, MEG, PR, PF: PX had supply risks, PTA's cost support might weaken, and their prices followed cost fluctuations. MEG had supply pressure, and PR and PF were expected to trade flatly [10].

Group 1 - The core message of the news is China's commitment to advancing the Global Development Initiative, emphasizing collaboration to address global development challenges and accelerate the UN's 2030 Sustainable Development Agenda [1][2][3] Group 2 - The Global Development Initiative was proposed by President Xi Jinping in September 2021, aiming to promote common development and address the widening North-South development gap amid rising unilateralism and protectionism [2][3] - Over 130 countries and international organizations are involved in the implementation of the Global Development Initiative, showcasing its growing influence and appeal as a public good that meets global needs [2] - The initiative has mobilized over $23 billion in funding over the past four years, supporting more than 1,800 cooperation projects across various sectors, including technology cooperation, poverty alleviation, and digital economy [3] Group 3 - China has announced specific action plans, including the implementation of 2,000 "small but beautiful" livelihood projects in developing countries over the next five years and the establishment of a special fund for digital capacity building [4] - The initiative aims to ensure that no country or individual is left behind in the development process, reflecting the vision of building a community with a shared future for humanity [4]

当地时间9月23日，在纽约联合国总部由中国主办的全球发展倡议高级别会议上，中国再次发出号召， 愿同各方进一步落实全球发展倡议，加快推进联合国2030年可持续发展议程，重振全球发展事业。中国 的积极表态和一系列务实举措，为破解当前全球发展困境进一步凝聚了共识，汇聚起更加磅礴的发展合 力。 发展承载着人民对美好生活的向往，是解决一切问题的总钥匙，也是人类社会的永恒主题。联合国成立 之初，就把促进全球发展写入宪章。80年来，各方协力推动全球发展，积极践行联合国千年发展目标、 2030年可持续发展议程等，在减贫、粮食安全、发展筹资、气候变化等领域持续推动国际合作。 长期以来，中国一直尽己所能，为全球发展贡献力量。面对百年变局加速演进，全球发展鸿沟明显扩 大，中国2021年在联合国大会上提出全球发展倡议，着眼人类社会的最广泛利益，呼吁各方做到"六个 坚持"，为推进共同发展发挥了重要引领作用。中国还将倡议从理念迅速转化为实实在在的行动。过去4 年，全球发展倡议已动员230多亿美元资金支持全球南方发展振兴，开展1800多个合作项目，成为广受 欢迎的国际公共产品。 中国将继续加强科技合作赋能全球发展。近年来，中国积极推进与发 ...

记者 辛圆 商务部周四举行例行新闻发布会。有媒体提问称，当地时间9月23日，李强总理在出席联合国大会相关活动时表示，中国作为负责任的发展中大国在世贸组 织当前和未来谈判中将不寻求新的特殊和差别待遇。请问中方未来将如何落实这一承诺？ 中国社会科学院美国研究所副研究员杨水清在接受环球时报采访时表示，中国这一宣示是一次精准、有限且自主的政策调整。 对此，商务部新闻发言人何亚东表示，李强总理这一重要的立场宣示，是中方作为发展中大国坚定维护多边贸易体制，积极落实全球发展倡议和全球治理倡 议的重要举措。 杨水清解释称，首先，中国这一决策的范围限定于"当前和未来谈判"，中国的承诺明确指向"新"的谈判。这意味着，中国在过去所有已达成并生效的WTO 协定——如《农业协定》《补贴与反补贴措施协定》等——中所享有的所有特殊和差别待遇条款将完全保留。中国不寻求的是在尚未开始、且要求获得额外 差别化待遇的谈判中的特殊和差别待遇权利。 当地时间9月23日，中方在第80届联合国大会相关活动上宣布，中国作为负责任的发展中大国，在世贸组织当前和未来谈判中，将不寻求新的特殊和差别待 遇。 "同时，中国在WTO中的发展中成员身份没有改变。中国将继 ...

Core Viewpoint - China, as the largest developing country, asserts its right to special and differential treatment in the WTO while committing not to seek new special treatment in current and future negotiations, aiming to promote WTO reform and support global development initiatives [1][5]. Group 1: China's Position in WTO - China's submission to the WTO emphasizes its status as the largest developing country entitled to special treatment, while also highlighting the negative impact of unilateral tariffs imposed by certain countries on the multilateral trade system [1][4]. - The Chinese government has historically accepted fewer special and differential treatments compared to other developing members, demonstrating a commitment to multilateral trade [4]. Group 2: International Response - The international community has responded positively to China's announcement, with WTO Director-General Ngozi Okonjo-Iweala praising China's commitment to a more balanced and fair global trade system [3][6]. - Experts believe that China's decision to forgo new special treatment will facilitate trade negotiations and counteract unfounded criticisms regarding its developing country status [6][7]. Group 3: China's Ongoing Commitment - China maintains its identity as a developing country and continues to support the multilateral trading system, emphasizing its role in global economic governance and cooperation with other developing nations [5][6]. - The country has implemented zero tariffs on all products from least developed countries and is actively pursuing economic partnership agreements to enhance trade relations [5].

【环球时报-环球网报道 记者倪浩】9月25日下午，商务部举行例行新闻发布会。有媒体提问称，当地 时间9月23日，李强总理在出席联合国大会相关活动时表示，中国作为负责任的发展中大国在世贸组织 当前和未来谈判中将不寻求新的特殊和差别待遇。请问中方未来将如何落实这一承诺？ 何亚东称，"发展是当今世界的重要主题，这一立场宣示体现了中国作为发展中大国和世界贸易大国的 担当，具有鲜明的发展属性。近年来，中国大力推进高水平对外开放，坚持有序扩大自主开放和单边开 放，为世界发展作出了积极贡献。中国已对所有建交的最不发达国家100%税目产品实施零关税，还在 积极推进通过商签共同发展经济伙伴关系协定，落实对53个非洲建交国实施100%税目产品零关税的举 措。" 他表示，中国仍然是世界上最大的发展中国家，中国发展中国家地位和身份没有改变，中国始终是全球 南方的一员，永远和发展中国家站在一起。中国将一如既往地践行真正的多边主义，支持以规则为基础 的多边贸易体制，并与其他发展中成员站在一起，推动将发展作为世贸组织议程的中心，更好地弥合南 北发展鸿沟，推动完善全球经济治理，建设开放型世界经济。 对此，商务部新闻发言人何亚东表示，李强总理 ...

Core Insights - The Fourth Global Digital Trade Expo was held in Hangzhou, emphasizing the importance of digital trade in driving China's economic development and global trade recovery [1] - China expresses willingness to collaborate with other countries to promote a shared future, advocating for multilateralism and a favorable business environment [1] Group 1 - Digital trade is seen as a new driving force for China's economic growth and a catalyst for global trade and economic recovery [1] - The Chinese government aims to establish a global digital trade governance system and promote the innovative application of digital technologies [1] - The focus is on ensuring that the benefits of digital trade are shared among all countries, fostering mutual benefit, common prosperity, and sustainable development [1] Group 2 - Following the opening ceremony, key national leaders attending the expo were met by Wang Dongming, indicating the significance of international collaboration in digital trade [2]

Group 1 - The core message emphasizes the need for international cooperation to achieve sustainable development goals, as highlighted by Secretary-General Guterres during the Global Development Initiative High-Level Meeting [1] - The global development landscape is facing severe challenges, including fiscal constraints, geopolitical tensions, unilateral trade measures, and climate risks, leading to a fragile economic outlook [2] - The COVID-19 pandemic continues to impact economic recovery, with many economies experiencing weak growth and insufficient investment, exacerbating inequality and poverty [2] Group 2 - The "Seville Commitment" established at the Fourth International Conference on Financing for Development provides a comprehensive framework to bridge the $4 trillion financing gap for sustainable development [3] - There is a critical need to implement the agreement into actionable steps, such as expanding concessional financing and reforming the international financial system to better reflect the needs of developing countries [3] - Guterres calls for increased participation of developing countries in capital and decision-making processes to achieve a fair global financial architecture [3] Group 3 - The Global Development Initiative aligns closely with sustainable development goals, particularly in poverty eradication, food security, climate change response, and promoting inclusive growth [4] - Guterres praises China's proposed mechanisms to enhance the initiative's effectiveness and urges countries to revitalize cooperation to advance the 2030 sustainable development agenda [4] - A call for reaffirming multilateralism based on unity and results, leveraging the UN Charter and the Global Development Initiative to build an inclusive, resilient, and sustainable future for all [4]

据报道，托卡耶夫说，中国提出的倡议为解决全球紧迫性挑战提供了切实可行的方案，包括主权平等、 国际法治、加强多边机构等问题。 他还表示哈萨克斯坦支持建立世界人工智能合作组织。托卡耶夫称，"全球治理倡议体现了确保公平获 取数字技术、保障网络空间及外层空间安全的必要性。这对制定使用人工智能的监管框架和道德标准而 言尤为重要。" 托卡耶夫还指出，全球治理倡议与已有150多个国家参与的"一带一路"倡议相契合。他还提到，合作落 实这些倡议将有助于实现联合国的核心目标。 编辑：万可义 哈萨克斯坦总统：中国全球治理倡议为世界提供切实方案 广告等商务合作，请点击这里 来源：中国新闻网 中新网9月25日电 据哈萨克斯坦《阿斯塔纳时报》及哈通社报道，当地时间23日，哈萨克斯坦总统托卡 耶夫在纽约联合国总部出席由中方主办的全球发展倡议高级别会议并发表讲话。托卡耶夫表示，完全支 持中方提出的全球发展倡议和全球治理倡议，这些倡议是对日益严峻的地缘政治挑战和经济挑战作出的 及时回应。 本文为转载内容，授权事宜请联系原著作权人 哈通社报道称，托卡耶夫表示，高度赞赏中方为推动建立更加公平、包容和高效的国际合作所作出的努 力。全球治理倡议将对当 ...

Core Viewpoint - The article highlights the significant achievements of China's national defense and military modernization, as well as its commitment to peace and international justice, as expressed during the grand military parade commemorating the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War [1][2]. Group 1 - The military parade showcased China's advancements in defense and military modernization, reflecting its determination to uphold international fairness and justice [1]. - The historical context emphasizes the collaboration between China and the Soviet Union during World War II, where both nations made decisive contributions to the victory over fascism [1][2]. - The article mentions that China suffered over 35 million casualties during the Anti-Japanese War, underscoring the immense sacrifices made by the Chinese people [2]. Group 2 - The commitment of both Russia and China to defend the hard-won results of World War II and to prevent any attempts to distort historical facts is emphasized [2]. - The article notes that China is an important force for maintaining world peace and has achieved significant progress in modernization, which is highly regarded [2]. - China's proposed global initiatives, including development, security, civilization, and governance, are highlighted as crucial for addressing global challenges and promoting collective development [2].