Core Viewpoint - The article discusses the negative impact of U.S. tariff policies on global trade and identifies key figures behind these policies, suggesting that they reflect a deep-rooted ideological vision shaped by a close-knit advisory circle [1][2]. Group 1: Key Figures and Their Roles - Milan is described as a principal architect of the U.S. tariff policy, emphasizing the need for other countries to pay their "fair share" for the benefits they receive from U.S. military and financial support [2][4]. - Navarro is labeled as a key proponent of the tariff policies, known for his strong anti-trade stance and influence on Trump's economic agenda [7][9]. - Bessent, the U.S. Treasury Secretary, is noted for his reluctance to implement tariffs but has gradually shifted his stance under pressure from market volatility [10][12]. Group 2: Economic Philosophy and Strategy - Milan's economic philosophy is characterized as a bridge between populist rhetoric and government policy, aiming to compel foreign nations to contribute to U.S. financial and military dominance [5][6]. - The concept of "MAGA economics" is introduced, which combines elements of economic nationalism and populism, diverging from traditional economic theories like neoclassical and Keynesian economics [17][18]. - The article highlights the potential contradictions and dangers within "MAGA economics," suggesting that it may lead to significant economic crises rather than effective governance [18].

新京报讯（记者曹晶瑞）"影话共同体"2025北京民族电影展近日在中国电影（600977）博物馆启动。本 届影展以"影话共同体"为主题，共有20部影片入围参展，"北京展映"、民族电影"九进"等系列活动将持 续至10月。 民族题材电影为融通民族文化、凝聚民族情感、维护民族团结、推进中华民族共同体建设和中华民族现 代文明建设发挥了不可替代的作用。北京民族电影展历经十余年的发展，主题和内涵持续深化，宣传展 示形式持续创新，汇聚了一批优秀电影人，推出了数百部精品佳作，成为北京市铸牢中华民族共同体意 识工作的特色品牌。 本次活动由中国电影家协会民族电影工作委员会、中国少数民族文化艺术促进会、北京电影家协会、北 京青少年服务中心支持，同时得到了内蒙古自治区、福建省、江西省、四川省、云南省、西藏自治区、 甘肃省、新疆维吾尔自治区等地区民族工作部门的大力支持。 作为本届影展的特色活动之一，民族电影会客厅活动也在当日成功举办。活动围绕"影话共同体"这一主 题，邀请长期参与民族电影研究、评论的专家学者和民族电影创作者们进行交流与探讨，为促进民族题 材电影高质量发展建言献策。 本届影展围绕铸牢中华民族共同体意识主线，以"影话共同体" ...

Core Viewpoint - The event in Dalian serves as a cultural exchange platform, highlighting the historical connections between Taiwan and mainland China, particularly in maritime development and modernization efforts [1][2][3] Group 1: Historical Context - The event commemorates the historical significance of Dalian and its connection to Taiwan, particularly referencing the First Sino-Japanese War and the subsequent Treaty of Shimonoseki, which ceded Taiwan to Japan [1] - The exhibition showcases artifacts related to the maritime history of Taiwan, including the first submarine cable laid by Chinese shipbuilders and the first Chinese-built 1,000-ton warship, "Wannianqing" [2] Group 2: Cultural Exchange - Participants from Taiwan expressed a strong emotional connection to the historical artifacts, emphasizing the importance of sharing this history to foster greater integration between the two regions [2] - The event featured modern maritime technology, including models of advanced vessels and equipment, which impressed attendees and highlighted the progress of mainland China's maritime capabilities [3] Group 3: Future Aspirations - Taiwanese students expressed aspirations to engage with opportunities in mainland China, indicating a growing interest in collaboration and development in various fields, particularly technology and industry [3]

Core Viewpoint - The article commemorates the 100th anniversary of the All-China Federation of Trade Unions, highlighting its role in uniting workers under the leadership of the Communist Party of China to contribute to national independence, people's liberation, and the realization of national prosperity and happiness [1][3][9]. Group 1: Historical Context - The All-China Federation of Trade Unions was established on May 1, 1925, during the Second National Labor Conference in Guangzhou, marking a significant moment in the development of the labor movement in China [3]. - Throughout its history, the trade union has aligned closely with the Communist Party, emphasizing the importance of maintaining the Party's leadership over labor movements [3][9]. Group 2: Contributions to National Development - The trade union has played a crucial role in various historical periods, including the New Democratic Revolution, Socialist Revolution, and the Reform and Opening-up era, by mobilizing workers to support national goals and improve their living conditions [4][9]. - In the context of the new era, the trade union continues to focus on the theme of achieving the Chinese Dream of national rejuvenation, encouraging workers to innovate and contribute to the modernization of the country [4][10]. Group 3: Current Initiatives and Achievements - The trade union is actively involved in promoting labor competitions and skills training, with over 60 million workers participating in various competitions and activities aimed at enhancing their skills and productivity [10][11]. - The establishment of over 18,610 trade union service stations across the country demonstrates the commitment to providing support and services to workers, serving nearly 800 million people annually [19]. Group 4: Future Directions - The trade union aims to deepen reforms in the workforce, focusing on building a skilled, knowledgeable, and innovative labor force to meet the demands of modern industry [15][13]. - There is a strong emphasis on maintaining the political integrity and advanced nature of trade union work, ensuring alignment with the central tasks of the Communist Party [5][18].

二、政企媒三方联动 开启美业品牌建设新范式 开幕式上，四川美容美发行业商会与 "民族品牌陪跑计划" 签署战略协议，明确为参展品牌提供《了不 起的国货》专题报道、《发现者》纪录片拍摄等稀缺资源，优质企业更可获新华社客户端亿万级流量曝 光。展会特设的 "品牌服务咨询处" 与 "媒体采访间" 成为热点区域，超百家企业现场预约一对一品牌诊 断。某参展商表示："陪跑计划不仅带来传播声量，更通过权威媒体背书提升了品牌信任度，这对连锁 加盟型企业尤为重要。" 2025 年 4 月 17 日，第 51 届（春季）CCBE 成都美博会在 "新美业・创商机" 的主题声中拉开帷幕。作 为西部美业年度盛会，本届展会吸引 752 家企业携 4500 + 国内外品牌齐聚，其中由《了不起的国货》 《发现者》等权威媒体发起的 "民族品牌陪跑计划" 以展媒融合创新模式，为民族品牌搭建全维度成长 舞台。 一、全链路赋能体系落地 构建品牌升级 "加速通道" "民族品牌陪跑计划" 延续其标志性的 "四级筛选机制"，从企业资质、产品力、社会责任等多维度严苛 评估，为入选品牌定制 3-5 年深度赋能方案。该计划整合央视、新华社等国家级媒体及 300 + ...

Group 1 - The Sichuan Xingwen Miao Ethnic Huashan Festival attracted over ten thousand participants, featuring activities such as flower pole rituals, bamboo pole dances, and folk song duets [1][2][5] - The festival serves as a significant cultural celebration for the Miao people, promoting community participation and showcasing Miao culture through various events [2][5] - Xingwen County is recognized as the largest Miao settlement in Sichuan, emphasizing the importance of the Huashan Festival in expressing the virtues of hard work, hospitality, and national gratitude among the Miao people [5][6] Group 2 - Xingwen County has implemented a "Cultural Tourism Prosperity County" strategy, leading to accelerated economic and social development, and aims to integrate cultural and tourism resources for high-quality growth [6] - Upcoming events during the "May Day" holiday include a series of activities designed to engage tourists, such as Miao cultural displays and traditional performances, enhancing the region's appeal [6]

Core Viewpoint - The exhibition "Gathering of Sparks: Modern Printmaking Society and the Second National Woodcut Mobile Exhibition" at Guangzhou Academy of Fine Arts highlights the role of art in embodying national spirit, particularly through the lens of wartime art and the resurgence of the New Woodcut Movement [2][5]. Group 1: Historical Context - The exhibition commemorates the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression, linking historical artworks to contemporary national sentiments [2][5]. - The woodcut "Roar, China!" by artist Li Hua, created in 1936, is showcased as a significant piece that reflects the collective voice of a nation in turmoil [2][5]. Group 2: Artistic Analysis - Li Hua's woodcut features a bound man struggling against his restraints, symbolizing the intense emotions of anger and resistance, effectively transforming visual experience into auditory imagination [3][4]. - The artwork connects to the Expressionist movement, emphasizing raw emotional expression and the call for artists to engage with societal issues through their work [4][5]. Group 3: Cultural Significance - The theme of "Awakening China" has historically inspired Chinese intellectuals and artists, with the woodcut serving as a representation of the transition from individual cries of despair to a collective national outcry [5][6]. - The piece not only captures historical sentiments but also encourages viewers to become active participants in the ongoing narrative of resistance and cultural identity [6].

Group 1 - The core theme of the recent forum held by Zhejiang Zhongmei Huadong Pharmaceutical Co., Ltd. was "the endogenous and exogenous of trauma medicine," focusing on the health needs of outdoor sports and innovative industry pathways [1] - The company aims to leverage technology to revitalize traditional herbal medicine in new contexts such as sports protection and chronic disease management, responding to the transformation of outdoor labor groups into outdoor sports groups due to urbanization [1] - Zhongmei Huadong has launched the "Shangke Ling" spray as a protective solution for outdoor sports, emphasizing the integration of traditional herbal medicine with modern scenarios to enhance safe sports practices [1] Group 2 - In recent years, Zhongmei Huadong has proposed an ecological strategy for the ethnic medicine industry, focusing on enhancing the reputation of traditional Chinese medicines while activating traditional applications through digital marketing and sports scene integration [2] - The company plans to initiate at least 15 innovative drug projects annually over the next five years, aiming for breakthroughs in the research of herbal components and international certifications to expand the market for Chinese ethnic medicine [2]

文 ｜ 徐涛 雷俊成 夏胤磊 王子源 程子盈 中美互加关税导致市场避险情绪升温，悲观情绪过后，建议关注长期产业链调整带来的潜在机遇 重点关注自主可控产业链和民族品牌出海（非美）以及配套产业链两大方向。 ▍ 中美互加关税且局势愈演愈烈，产业趋势出现新变化。 复盘来看，4月2日，美国宣布加征对等关税；4月4日，中国宣布反制，同样对美加征3 4%关税； 4月7日，特朗普宣传若中国不取消加征关税，将于9日对中国再加征5 0%关税；中方表示将奉陪 到底。在此背景下，市场避险情绪浓厚，最近三个交易日电子板块跌幅约1 5%。若后续谈判进展 不顺利，美国与中国或全球对抗升级，原有的全球化国际分工合作模式预计会受到影响，会带来 长期产业趋势的变化，其中自主可控+民族品牌拓展非美市场两个趋势尤其值得重视。 为解决需求问题，我们认为未来中国民族品牌出海，拓展美国以外的市场仍是大势所趋，配合民 族品牌出海的全球化布局的供应链龙头中长期也有望受益于品牌端格局洗牌趋势，同时受益于国 内高效率的成本优势。 ▍ 风险因素： 关税等贸易限制进一步加码，全球宏观经济低迷风险，下游需求不及预期，国产化推进不及预 期，汇率大幅波动等。 ▍ 投资建议 ...

裘翔｜中信证券首席A股策略师 S1010518080002 板块配置｜六大主线板块当前处在什么位置？ 一个季度过去了，市场最关注的几个主线板块都处在什么位置？后续还可以期待什 么？我们从股价、估值、基本面等维度自上而下梳理了科技、消费、医药、新能源、 红利、出海六大板块一季度运行动态，并给出了相关配置线索。 风险因素：中美科技、贸易、金融领域摩擦加剧；国内政策力度、实施效果及经济复 苏不及预期；海内外宏观流动性超预期收紧；地缘政治风险。 尹欣驰 ｜中信证券 汽车及零部件行业首席分析师 S1010519040002 商用车｜卡车电动化最后一块拼图：重卡混动发展前瞻 重卡新能源化进展如火如荼，趋势明确不可逆。但现有主流的纯电动重卡受限于续航 里程限制，主要在短途和特定场景下渗透，中长距离场景的新能源化仍待开拓。复盘 乘用车新能源化进程，混动车型于纯电车型普及后两年开始加速渗透，我们认为混动 也将成为重卡新能源化的最后一块拼图。混动重卡在政策大力支持的新能源重卡范畴 内、且在中长距离运输场景中满足高效运输需求，经济性表现远超柴油重卡、且混动 技术已较为成熟，我们认为其已具备大范围商业化基础。我们预计2024/202 ...