下午一点半过后，会议的通稿就出来了，原文我就不贴了，贴一个民生固收团队做的图，可以看下和12月会议的措辞对比，整体来看，四 个感受。 1、去年12月提到的 稳住股市楼市 ，过去四个月，应该说大家是有切身体会的，确实是稳住了，而稳住之后，有了新的提法； 2、 正视困难 ，对贸易战可能带来的潜在影响，说得很直接； 3、和12月相比，本次会议在具体工作措施上，更加具体， 且 谈化总量，强调结构 ，这是最大的不同； 4、强调民生，尤其是关注 稳就业 ，不得不说，东哥背后有高人，大家看这回京东对美团的打击，从"五险一金"保障外卖小哥切入，占据 道德和社会价值制高点，高维打低维，在舆论场打得美团满地找牙（虽然两者的股价，合计跌超1000多亿了）。 我们逐项来聊一聊，都不会太长。 对股市、楼市、债市的观点 ，穿插在其中了。 ...... 1、货币政策。 原文： 要加紧实施更加积极有为的宏观政策，用好用足更加积极的财政政策和适度宽松的货币政策。 | | ––民生因收 · 谭迷鸣团队 -- | | | | --- | --- | --- | --- | | | | ● 2025年4月政治局会议内容对比表 | | | | 8 | ...

Core Viewpoint - The Ministry of Commerce has launched the "Foreign Trade Quality Products China Tour" to integrate domestic and foreign trade, helping foreign trade enterprises expand their domestic sales channels and stabilize foreign trade while boosting consumption [1][3]. Group 1: Initiatives and Activities - The "Foreign Trade Quality Products China Tour" is a key initiative for promoting the integration of domestic and foreign trade, facilitating foreign trade enterprises' access to domestic sales channels [1][3]. - The Ministry of Commerce has organized a touring procurement team and leveraged e-commerce platforms to support foreign trade and expand consumption [1][3]. - As of April 23, 15 major e-commerce platforms have responded positively, implementing eight measures including direct procurement and supply-demand matching [1][3]. Group 2: Procurement Activities - The first procurement activity of the touring procurement team was held in Jiangsu, with over 80 large supermarkets, e-commerce platforms, and retail enterprises participating [3]. - A specific example highlighted is a coffee cup from a foreign trade enterprise that became a hot-selling item at the Jiangsu event [3]. - Upcoming events are planned in provinces such as Fujian, Hubei, and Hunan to further promote the initiative [3]. Group 3: E-commerce Platform Support - E-commerce platforms are enhancing direct procurement efforts, with some signing contracts exceeding 10 million yuan and launching subsequent exclusive sales plans [3]. - Platforms are also providing support measures such as zero-cost entry and expedited services to facilitate foreign trade enterprises' integration into the domestic e-commerce supply chain [3]. - Over 200 matching events have been conducted by industry e-commerce platforms this year to connect foreign trade enterprises with domestic markets [3]. Group 4: Trade Fair Insights - The 137th Canton Fair is currently taking place, focusing on "Quality Home Furnishings" with a diverse range of products and a significant number of international buyers attending [5]. - As of April 24, 195,851 foreign buyers from 218 countries and regions have participated, indicating strong international interest in China's economic prospects [5]. - The fair showcases over 2,400 enterprises recognized for their technological advancements and innovation, reflecting an increase in the quality and sustainability of exhibited products [5].

Group 1: E-commerce and Trade Events - The 7th Double Product Online Shopping Festival will be held from April 28 to May 12, focusing on "brand quality and enjoying life" with five major themes [2] - The festival will include key events in Wuxi, Hunan, and various regions, with over 200 supporting activities planned [2] Group 2: Foreign Investment and Engineering Cooperation - In Q1 2025, China's total foreign direct investment reached $40.9 billion, a year-on-year increase of 6.2%, with non-financial direct investment at $35.68 billion, up 4.4% [3] - Investment in Belt and Road countries saw a significant increase, with non-financial direct investment at $8.87 billion, growing by 15.6% [3] - The total revenue from foreign contracting projects was $34.18 billion, up 5.5%, with new contracts signed amounting to $58.67 billion, a 26% increase [3] Group 3: Bilateral Economic Cooperation - President Xi Jinping's recent visit to Vietnam, Malaysia, and Cambodia resulted in multiple economic cooperation agreements, enhancing trade facilitation and supply chain collaboration [6] - The focus is on deepening bilateral economic cooperation and accelerating regional economic integration [6] Group 4: Domestic Trade Initiatives - The "Foreign Trade Quality Products National Tour" aims to integrate domestic and foreign trade, with successful events held in Hainan, Guangdong, and Jiangsu [8] - The initiative has facilitated procurement activities, allowing foreign trade enterprises to expand domestic sales channels [8] Group 5: Trade Fair Highlights - The 137th Canton Fair's second phase features a "Quality Home" theme, showcasing a comprehensive range of home-related products [9] - Over 2,400 participating companies hold national-level innovation and manufacturing accolades, indicating a rise in innovative and green products [9] - The event has attracted 195,851 foreign buyers from 218 countries, reflecting strong international interest in China's economic prospects [9] Group 6: E-commerce Support for Foreign Trade - Major e-commerce platforms are actively supporting foreign trade enterprises in expanding domestic sales, with over 200 procurement events conducted this year [10] - Initiatives include direct procurement contracts exceeding 10 million yuan and the establishment of green channels for easier market entry [10]

央视网消息（焦点访谈）：近期，美国以所谓的"对等关税"为名大幅提升我国输美商品关税，相关外贸企业面临严峻挑战。对此，商务部加大力度推进 内外贸一体化，加大对外贸企业拓内销的帮助力度，促进内外贸渠道对接、品牌对接、产销对接、标准对接。同时各地政府也纷纷出台举措。多家行业协会 联合发布倡议书，重点商超、电商平台等共同发力，推动内外贸联动，拓展内销市场。 这些天，山东临沂这家外贸企业的负责人很着急。企业的主营业务是一次性纸杯纸碗，美国市场占企业出口商品总份额的75%。最近，受美国滥施关税 的影响，企业正面临严峻挑战。 4月16日，京东采销人员的到来，让企业看到了一丝希望。这家外贸企业与京东的合作开始于今年2月，当时京东为了发展新的业务线，在全国寻找优质 的源头工厂，宏泰纸塑用品有限公司就是他们当时主动联系的其中一家企业。在此之前，企业并没有接触过线上销售，抱着试试看的态度，他们选择了三款 产品在京东上线销售，结果卖出了意想不到的单量。这家外贸企业的海外市场一直很饱和，现在因为关税的问题，突然面临前所未有的压力，让他们有了通 过国内电商解决问题的想法。 基于之前的合作，京东对企业的产品质量很认可。得知企业的现状后，平 ...

Core Viewpoint - The integration of domestic and foreign trade is essential for optimizing resource allocation and enabling companies to transform and upgrade in a competitive market, serving as a strong engine for high-quality development [1][5]. Group 1: Integration of Domestic and Foreign Trade - The core issue of domestic and foreign trade integration is how to make the same product meet both overseas standards and appeal to domestic consumers, exemplified by Qingdao Beverage Group's Laoshanshan Herbal Tea [1]. - Foreign trade companies are urgently seeking to expand into the domestic market due to increasing uncertainties in the international economic landscape, with companies like Beijing Xingfu Yisheng High-tech Co., Ltd. successfully adapting their products for local consumers through e-commerce [1]. Group 2: Brand Building - Brand building is a crucial aspect of the integration process, with companies needing to transition from "Made in China" to "Chinese Brands," as demonstrated by Beijing Voice Intelligence Technology Co., Ltd. optimizing its products for non-Chinese markets [2]. - Beijing Xingfu Yisheng High-tech Co., Ltd. has developed regenerative medical materials that meet both domestic and international compliance, creating a cluster in the regenerative medicine industry and enhancing global market recognition [2]. Group 3: Policy Coordination - Policy coordination is vital for supporting the integration of domestic and foreign trade, with the government promoting initiatives to resolve issues related to standards and market access [3]. - Various regions are implementing plans focused on standard alignment, enterprise transformation, and innovative demonstration, with the potential for a positive cycle of "policy guidance—enterprise transformation—industry upgrading" if aligned with enterprise needs [3]. Group 4: Future Outlook - The advancement of domestic and foreign trade integration will help eliminate bottlenecks in production, distribution, and consumption, while also providing a buffer against external demand fluctuations [4]. - Future development requires strengthening institutional openness, improving cross-departmental coordination, and enhancing digital technology integration to facilitate data sharing and market expansion through new channels like cross-border e-commerce [4].

Economic Performance - Shandong Province's GDP reached 23,466 billion yuan in Q1, with a year-on-year growth of 6.0% at constant prices, outperforming national expectations [1] - The province's economic stability is attributed to a solid production base and a steady recovery in demand, with both consumption and foreign trade showing positive momentum [1] Consumption and Retail - Social retail sales in Shandong grew by 5.6%, an increase of 0.6 percentage points compared to the previous year, driven by initiatives such as trade-in programs that generated over 31 billion yuan in consumption [1] - The provincial government allocated 50 million yuan to support cities in issuing consumption vouchers to stimulate market activity [1] Foreign Trade - Shandong's total import and export value reached 8,203.4 billion yuan in Q1, marking a 5.9% increase year-on-year, which is 2.4 percentage points higher than the previous year's total [2] - The province has successfully expanded its trade with emerging markets, achieving double-digit growth in exports to 89 countries, including significant increases in Africa, the Middle East, and Central Asia [2] Regional and Sectoral Balance - The foreign trade growth in Shandong is becoming more balanced across cities, with Qingdao maintaining a 2.3% growth rate, while cities in the central and western regions are narrowing the gap with eastern cities [3] - The province's industries are diversifying, with notable growth in high-end exports such as marine engineering equipment and integrated circuits, which increased by 84.7% and 60.2% respectively [3] Integration of Domestic and Foreign Trade - The integration of domestic and foreign trade is enhancing the efficiency of production, distribution, and consumption, allowing companies to leverage both domestic and international markets [4] - This integration is expected to improve product standards and quality, thereby enhancing the competitiveness of domestic enterprises and better meeting local consumer demands [4]

□ 南京日报/紫金山新闻记者 黄琳燕 "苏豪股份亮相2025年外贸优品中华行江苏站首场活动""快轮科技亮相外贸优品展，助力'江苏制造'拓内 需"……4月19日—20日，"外贸优品中华行江苏站"活动在南京国际展览中心举行。展会结束了，但参展 企业仍在通过官微等各种途径介绍自己的产品，助力外贸优品开拓内销市场"新"空间。 "外贸优品中华行江苏站"首场活动让"外贸优品"火了。记者在现场看到，外贸企业鼓足干劲开拓新市 场、寻找新商机。 南京快轮智能科技有限公司把直播间搬到了展会现场，不仅在现场卖货，还在直播间推广公司的产品。 现场工作人员告诉记者，公司产品主要出口到欧美、东南亚等地区，目前正在积极开拓国内市场。公司 和华为合作了一款电动滑板车，已经在天猫、京东等电商平台上线；新研发的一款可以自动吐泡泡的电 动儿童车也在抖音直播间开始销售。记者看到，很多人被现场展示的一辆造型很酷的电动自行车吸引。 工作人员介绍，这款车主打户外越野，主要销往欧洲市场。"这款车符合今年9月要实施的新国标，到时 候我们会在国内市场进行销售。" 除了拓展销售渠道，有些外贸企业已经开始研发新品以满足国内消费者的需求。"外贸优品中华行江苏 站"首 ...

Core Viewpoint - The recent issuance of the "Opinions on Implementing the Free Trade Pilot Zone Enhancement Strategy" by the Central Committee of the Communist Party of China and the State Council aims to respond to external uncertainties with a high level of openness, thereby stabilizing foreign trade and investment, and enhancing market confidence [1][3]. Group 1: Innovation and Integration - The "Opinions" emphasize originality and integrated exploration, encouraging innovative reform measures such as allowing qualified foreign-funded enterprises to engage in film post-production services and permitting foreign arbitration institutions to establish business entities in eligible free trade pilot zones [3][5]. - The integrated approach is reflected in the establishment of a policy framework that facilitates trade, investment, capital flow, transportation, and personnel exchanges, while ensuring data security and orderly flow, building on previous explorations in Shanghai and Hainan [5][8]. Group 2: High-Quality Development - The focus on high-quality development of industries within the free trade pilot zones highlights the importance of integrated innovation across the entire industrial chain, which is considered a core mission of the pilot zones [8][6]. Group 3: Response to External Challenges - The imposition of tariffs by the U.S. has disrupted global trade rules and posed significant challenges to Chinese export enterprises, yet some companies are adapting by expanding production and launching new products [9][11]. - The resilience of supply chains and the introduction of new products, such as tire pressure monitoring systems, are key factors enabling companies to navigate these challenges successfully [13][14]. Group 4: Government Support for Trade Integration - Local governments in Shanghai are actively supporting foreign trade enterprises by creating platforms for integrating domestic and foreign trade, thereby facilitating the transition to domestic sales [19][21]. - Initiatives include organizing events that connect e-commerce platforms with foreign trade companies, helping them to tap into the growing domestic consumer market [16][21].

4月7日，永辉超市发布《致中国优质供应链的一封信》，宣布开通绿色通道，提出15天极速上架、品牌 推广扶持、联合开发新品三大措施，为出口受阻企业搭建内销桥梁。截至4月22日12时，专项邮箱已收 到超500封合作邮件，并与超300家优质供应链企业进入洽谈阶段，品类覆盖范围广泛，主要集中在冷冻 食品、休闲零食、家居用品等，其中包括长期为山姆、开市客供货的中国制造企业。 目前，已有多家平台推出相关举措。其中，4月11日，盒马宣布，面向中国外贸企业开放入驻通道，绿 色通道24小时专人加急处理，简化认证流程，缩短审核认证周期。同时，将开放"云享会"频道作为进驻 快车道，主要面向百货品类（家居用品、户外运动、宠物、美妆、母婴、康养等）外贸企业，后续还将 在频道内上线"外贸专区"。同日，叮咚买菜平台宣布面向广大外贸企业招募优质合作伙伴，"我们可以 为全品类食品和家庭日用品提供销售平台，开放更多商品联名和定制的合作需求，释放商品包装、仓储 设备等多项采购需求。" 编辑 王琳 校对 穆祥桐 新京报讯（记者张洁）在第五届消博会期间，商务部启动外贸优品中华行活动，推进内外贸一体化、帮 助外贸产品拓内销。在政策推动下，零售企业纷纷发力 ...