"加美数十年日益紧密经济关系进程终结"，加拿大总理：正与中印重新接触 据英国路透社、美国彭博社等媒体报道，加拿大总理卡尼当地时间22日表示，加政府即将推出的首份预算将减少加拿大在经济与安全领域对美国的依赖， 并削减浪费性支出。他同时承诺未来十年将把加拿大对非美国市场的出口翻一番，并且正在与中印等国重新接触。 加拿大总理卡尼当地时间22日在渥太华大学向学生发表讲话。图源：外媒 "加美两国长达数十年日益紧密的经济关系进程已终结。"卡尼当天在渥太华大学向学生发表讲话时说，"我们昔日基于与美国的密切关系而获得的许多优 势，如今反而成了我们的软肋。" 路透社称，卡尼表示其政府的首份预算将兼顾"财政紧缩"与"大规模投资"，努力保护加拿大经济免受"美国新一轮保护主义所引发危机"的影响。 另据彭博社报道，为证明其贸易目标正稳步推进，卡尼还重点推介了加方上月与印度尼西亚签署的自由贸易协定，以及与阿拉伯联合酋长国在人工智能领 域、与欧盟在防务领域、与德国在关键矿产领域达成的合作和"基础性协议"。 "在深化与传统盟友合作的同时，我们正与全球重要经济体——印度与中国重新接触。"卡尼补充说。他还计划未来几天在东盟峰会和亚太经合组织会议 ...

Group 1 - The Chinese government emphasizes the importance of free trade and opposes trade protectionism, urging the EU to provide a fair and transparent business environment for all countries [2] - China and ASEAN's trade relationship is strengthening, with a reported total import and export value of 5.57 trillion yuan in the first three quarters of the year, marking a 9.6% increase year-on-year [5] - The comprehensive strategic partnership between China and ASEAN is deepening, with plans to sign the upgraded version of the free trade agreement (FTA 3.0) within the year, enhancing regional economic integration [5][6] Group 2 - China supports Malaysia's role as the ASEAN chair and emphasizes the importance of cooperation with ASEAN countries [4] - The "China-ASEAN Year of Cultural Exchange" is actively promoting cooperation in education, youth, think tanks, and media, with significant achievements [6] - China is committed to maintaining regional peace and stability, supporting ASEAN's central role in regional frameworks, and promoting dialogue to resolve disputes in the South China Sea [6][7]

Core Viewpoint - The article discusses the opportunities and risks faced by Chinese enterprises as they expand into emerging markets, particularly in the context of the Belt and Road Initiative and the changing global trade environment [1][3]. Group 1: Trade Environment and Market Trends - In the first three quarters of 2025, China's imports and exports to Belt and Road countries reached 17.37 trillion yuan, an increase of 6.2%, accounting for 51.7% of total trade value, up by 1.1 percentage points [1]. - The growth in trade with ASEAN, Latin America, Africa, and Central Asia was 9.6%, 3.9%, 19.5%, and 16.7% respectively, indicating a diversification of China's export markets [1]. - The overall credit risk for small and medium-sized foreign trade enterprises has been on the rise, with an average annual increase of 7.2% in the risk index over the past three years [3][4]. Group 2: Risks in Emerging Markets - The global trade environment is increasingly influenced by protectionism and resource nationalism, leading to heightened uncertainty and risk in international trade [4]. - Labor-intensive industries like textiles and light manufacturing face challenges from trade barriers and raw material cost fluctuations, while technology-intensive sectors like electronics and new energy vehicles encounter rising compliance costs and intense competition [4]. - Emerging market currencies are often volatile, with examples like the Turkish lira experiencing daily fluctuations exceeding 10% [8]. Group 3: Compliance and Legal Risks - Companies expanding into Southeast Asia must be aware of environmental compliance and ESG requirements, as neglecting these can lead to significant penalties and operational disruptions [9]. - Intellectual property risks, such as trademark squatting and technology leakage, are prevalent in Southeast Asia, necessitating proactive measures from companies [9]. Group 4: Strategies for Risk Management - Companies are advised to conduct compliance planning before entering new markets, ensuring that tax compliance is integrated into business strategy [11]. - For managing currency risks, companies can use hedging strategies involving direct transactions with the renminbi or through a two-step process involving the US dollar [11]. - Establishing a knowledge property defense matrix is recommended, including simultaneous IP registration in target countries and monitoring mechanisms to track trademark registrations [13].

10月22日，外交部发言人郭嘉昆主持例行记者会。 外交部：望欧方恪守支持自由贸易、反对贸易保护主义的承诺 有记者问，欧盟委员会官员表示，欧盟和中国官员已同意在布鲁塞尔会面，就中国稀土出口管制问题进行 紧急会谈。中方对此有何评论？ 郭嘉昆表示，我要强调的是，中欧经贸关系的本质是优势互补、互利共赢。我们希望欧方恪守支持自由贸 易、反对贸易保护主义的承诺，为各国企业提供公平透明、非歧视的营商环境，以实际行动维护市场经济 和世贸组织规则，坚持通过对话协商妥善解决贸易分歧。 外交部：中方在半岛问题上的立场和政策保持连续性、稳定性 有记者问，今天上午朝鲜发射多枚短程弹道导弹，朝鲜发射弹道导弹是联合国安理会对朝决议所禁止的活 动，请问中方对此有何评论？ 郭嘉昆表示，中方在半岛问题上的立场和政策保持连续性、稳定性，对有关发射活动我们没有新的评论。 外交部：中方支持马来西亚作为东盟轮值主席国的工作 有记者问，请问中方哪一位代表会出席10月26日在吉隆坡举行的东盟峰会？ 郭嘉昆表示，中方高度重视同东盟关系和东亚合作，支持马来西亚作为东盟轮值主席国的工作。关于你提 到的具体问题，相信你应该了解中方出席的惯例，我们会适时发布消息。 ...

Market Performance - The U.S. stock market experienced a significant rally on October 20, 2025, with the Dow Jones Industrial Average rising over 500 points, driven primarily by technology and financial stocks [1][3] - The earnings season exceeded expectations, particularly for S&P 500 companies, leading to upward revisions in profit forecasts [3][11] Company Highlights - Apple's stock reached an all-time high, with iPhone 17 sales surpassing those of iPhone 16 shortly after launch, prompting an upgrade from "Hold" to "Buy" by Loop Capital, raising the target price to $315 [5][3] - Amazon's stock rose by 1.6% despite a temporary service outage in AWS, as investors focused on the long-term potential of its cloud computing business [5][3] - The Philadelphia Semiconductor Index hit a record high, with Intel and Qualcomm shares increasing by 3% and 2%, respectively [7][11] Economic Indicators - The potential end of the government shutdown and upcoming CPI data release on October 24 could influence market sentiment, with expectations of a possible interest rate cut if inflation decreases [9][11] - The KBW Bank Index rose by 2.8% as regional banks reported stable credit conditions, alleviating previous concerns about their financial health [11][9] Global Market Dynamics - The Nasdaq Golden Dragon Index, which tracks Chinese stocks, increased by 2.4%, with notable gains in Alibaba (3.8%) and Netease (3.1%) [15][13] - The international oil prices saw a slight decline, with WTI crude oil dropping to over $57 per barrel, attributed to rising U.S. shale oil production and concerns over global economic slowdown [17][20] Commodity Trends - Gold prices surged to $4,376 per ounce, reaching a historical high as investors sought safe-haven assets amid a weakening dollar and strong demand from central banks [20][18] - The energy market showed contrasting trends, with oil prices declining while gold prices rose significantly [20][17] Upcoming Events - Key economic data releases, including the Federal Reserve's Beige Book and durable goods orders, will provide insights into the U.S. economy's health [24][26] - Major tech companies, including Tesla and Netflix, are set to report earnings, which will be closely monitored for insights into their performance amid ongoing price competition [26][30]

来源：中国新闻网 中方：望欧方坚持通过对话协商妥善解决贸易分歧 中新网北京10月22日电 (记者 曾玥)中国外交部发言人郭嘉昆22日主持例行记者会。 有记者提问：欧盟委员会贸易和经济安全委员谢夫乔维奇表示，欧盟和中国官员已同意在布鲁塞尔举行 紧急会谈，讨论中国针对稀土的出口管制问题。外交部能否证实并提供更多信息？ 郭嘉昆：中方有关部门已经发布了相关的消息稿，你可以查阅。我要强调的是，中欧经贸关系的本质是 优势互补，互利共赢。我们希望欧方恪守支持自由贸易、反对贸易保护主义的承诺，为各国企业提供公 平、透明、非歧视的营商环境，以实际行动维护市场经济和世贸组织规则，坚持通过对话协商妥善解决 贸易分歧。(完) 编辑：王永乐 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 ...

近年来，全球经济格局正在经历剧烈变动，特别是在高科技领域，中美之间的竞争愈演愈烈。在这个背景下，荷兰安世半导体事件显得尤为引人注 目，透过这一事件，我们不仅能够看到国际间博弈的复杂性，更能感受到中国在全球产业链中的重要地位。 荷兰的这一举动不仅影响到安世半导体自身，更是波及到了整个欧洲市场。欧洲汽车工业协会警告称，若争端无法解决，许多生产线可能会出现停工 和供应链中断的风险。在当今全球化的背景下，任何一处波动都可能引发连锁反应，导致更多国家和企业面临困境。 在这样的情况下，荷兰当局不得不重新审视自己的选择。其在贸易政策上是否应该更加审慎？这种单边的强硬态度究竟是在保护自身利益，还是在为 他人做嫁衣？这些都是需要认真思考的问题。 安世半导体事件给中企敲响了警钟，在日益复杂的国际环境中，中企在全球资源配置时需更加重视地缘风险。随着贸易保护主义的抬头，以及中美博 弈的白热化，国家间的博弈将愈加频繁且激烈。 9月底，荷兰政府突然宣布冻结安世半导体在全球30个主体的资产及知识产权。这项看似普通的行政措施，实则深藏玄机。根据荷兰方面的说法，这 是因为安世半导体内部存在"严重治理缺陷"，这不仅威胁到欧洲关键技术的延续性，还 ...

Group 1: Economic Overview - Japan's economy is facing complex challenges, including a depreciating yen, inflation issues, and the impact of an aging population [1][2] - The nominal GDP of Japan, when converted to USD, remains below Germany's, ranking fourth in the world economy [2] - Economic recovery is supported by improved employment conditions, increased investment demand, and growth in tourism and exports, but external pressures such as U.S. trade protectionism and global supply chain disruptions pose significant risks [2] Group 2: Industry Insights - Japan's manufacturing sector has faced disruptions due to natural disasters, leading to risks in supply chains for machinery, electronic components, and the automotive industry [3] - The service sector is showing signs of recovery, particularly in retail and dining, while the digital transformation is benefiting information and communication services [3] - The Japanese government is implementing policies to enhance economic security, promote green transformation, and accelerate digitalization in industries [3] Group 3: Sino-Japanese Economic Relations - Despite a decrease in Japan's direct investment in China, the Chinese market remains crucial for Japanese companies [4] - The RCEP framework is facilitating deeper economic cooperation between China and Japan, with opportunities for collaboration in areas like the "silver economy," carbon neutrality, and digital economy [4] - Both countries can work together to address trade protectionism and maintain regional supply chain stability [4] Group 4: AI and Technological Development - The rise of generative AI is driving global industrial transformation and altering competitive dynamics [5] - Japan is focusing on developing its generative AI capabilities, although it faces challenges in cloud services, local model competitiveness, and talent availability [5] - Future strategies should balance domestic development and international cooperation, particularly with China, to enhance Japan's international competitiveness [5]

Core Insights - The Swiss Franc is approaching a ten-year high against the Euro due to increased demand for safe-haven assets driven by new tariffs and political concerns [1] - The Euro to Swiss Franc exchange rate reached 0.92146, only about 0.2% away from its level in January 2015 [1] - In the past month, the Swiss Franc is the only currency among the G10 that has appreciated against the US Dollar, influenced by trade protectionism fears and political instability in France and Japan [1] Trading Activity - Options trading data indicates heightened demand, with Euro to Swiss Franc trading volume reaching its highest level since August, and Dollar to Swiss Franc trading volume at a one-month high [1] - Kit Juckes from Societe Generale highlights the advantages of the Norwegian Krone, Swedish Krona, and Swiss Franc in the context of growth potential and safe-haven characteristics [3] Policy Considerations - The Swiss National Bank (SNB) is expected to release a summary report of its September interest rate meeting, which will be closely analyzed by investors for indications on how the SNB will respond to the strong Swiss Franc [3] - The cost of hedging has risen to its highest level since mid-August, with premiums for options to buy Swiss Francs returning to June levels, indicating traders are seeking protection and clear trading direction [3] Economic Outlook - Economists have largely abandoned the idea of returning to negative interest rates, aligning with market pricing, but the SNB has various policy options to balance imported inflation and external shocks [6] - Analysts from Danske Bank suggest that the SNB is more likely to consider intervention measures before contemplating negative rates, given the strong real trade-weighted exchange rate of the Swiss Franc and potential tariff measures on Swiss exports to the US [6] - Despite the strong Swiss Franc, it is anticipated that the Euro to Swiss Franc exchange rate will trend downward over the next year [6]

Core Insights - The article highlights the contradictions in Trump's tariff strategy, which aims to create "fair competition" with China while planning to impose an additional 100% tariff on top of the existing average 30% tariff, leading to a total tariff rate of 154% after a temporary pause in November [1] - The immediate impact of these tariffs has resulted in a 1.7% increase in price levels in the U.S., equating to an annual income loss of $2,400 for each American household, with significant price surges in leather goods and clothing by 36% and 34% respectively [1] - The U.S. stock market reacted sharply to the announcement of the 100% tariff, with major indices experiencing a rapid decline, resulting in a $2 trillion loss in market capitalization, which only stabilized after negotiations were hinted at [1] Trade Dynamics - U.S. trading partners are actively restructuring their trade relationships in response to the tariffs, with Canada increasing automobile imports from Mexico, and China shifting its soybean procurement focus to South America [1] - Countries like Peru are redirecting their blueberry exports away from the U.S. towards Asia, while Lesotho, reliant on U.S. textile orders, is now focusing on markets in Asia, Europe, and Africa [1] - A coalition of 14 countries, including New Zealand and Singapore, has formed partnerships to collectively mitigate the impact of U.S. tariffs [1]