Core Viewpoint - The full island closure of Hainan Free Trade Port is a significant milestone that will provide extensive development opportunities for "Global South" enterprises, marking China's commitment to high-level opening-up and the construction of an open world economy [1][4]. Group 1: Opportunities for Global South Enterprises - The full island closure will allow "Global South" enterprises to either provide high-quality products or services to Hainan or invest in establishing entities within Hainan to operate in the Chinese market [1]. - The cost control and policy expectations are the primary concerns for enterprises looking to benefit from the new opportunities presented by the Hainan Free Trade Port [1]. Group 2: Tax Policies and Benefits - The tax system in Hainan Free Trade Port will significantly reduce costs for enterprises, with the "zero tariff" policy expanding from over 1,900 items to 6,637 items, increasing the zero-tariff level from 21% to 74% [2]. - The "zero tariff" policy includes not only import tariffs but also value-added tax and consumption tax, which is a notable difference from many free trade agreements signed by "Global South" countries [2]. - Enterprises importing production equipment typically pay around 5% to 10% in tariffs; however, importing from Hainan Free Trade Port allows for a total tax savings of approximately 20% [2]. Group 3: Low Tax Rate Policies - Hainan Free Trade Port offers a preferential corporate income tax rate of 15% for qualifying enterprises, compared to the standard 25% in China, and a personal income tax rate of 15% with no industry restrictions [3]. - The 15% corporate income tax applies to encouraged industries such as biomedicine and offshore wind power, while high-demand talent across all sectors can benefit from the personal income tax rate [3]. - Enterprises can combine the benefits of "zero tariffs" and "low tax rates," enhancing their profitability and operational efficiency [3].

Core Insights - The Hainan Free Trade Port is set to officially launch its full island customs closure on December 18, attracting significant global media attention [2] - Preparations for the customs closure are progressing smoothly, with foundational conditions already in place, including the establishment of key policy frameworks and completion of necessary infrastructure [2][3] Group 1: Customs Closure Preparations - The overall progress for the full island customs closure is on track, with essential policy systems established, including import tax item catalogs and tax policies for goods circulation [2] - Infrastructure is fully constructed, with eight open ports and ten "second-line ports" completed, alongside 64 anti-smuggling enforcement stations operational [2] - Continuous pressure testing is being conducted to ensure effective policy implementation and risk management, with comprehensive drills planned as the closure date approaches [2] Group 2: Economic Development Strategies - Hainan will implement four major projects to integrate its economy into the global supply chain, focusing on digital economy, finance, logistics, and strategic industries like biomedicine and clean energy [3] - The "Industry Construction" project aims to develop cross-border financial ecosystems and enhance international data services [3] - The "Industry Renewal" project will focus on strategic industries such as high-end food manufacturing and marine resource development [3] Group 3: Trade Advantages and International Cooperation - The Hainan Free Trade Port will enhance trade with "Global South" regions by increasing the proportion of zero-tariff goods from 21% to 74% post-closure, reducing export costs for these countries [4] - Hainan's geographical advantage allows for the implementation of high-level open policies, including tax exemptions for goods processed in Hainan that exceed 30% value addition [4] - From 2020 to 2025, Hainan's investment in Southeast Asia is projected to reach $5.4 billion, indicating a strengthening of economic ties with "Global South" nations [4]

Core Insights - Hainan Free Trade Port is set to officially launch its full island closure operation on December 18, with significant attention from global southern media regarding its development progress [1][3] - The construction of Hainan Free Trade Port has seen substantial advancements over the past five years, with increasing openness, improved industrial systems, and enhanced development environments [3][4] Group 1: Economic Development - Hainan has positioned itself as a new frontier for China's opening up, a hub for regional cooperation, and a new engine for promoting economic globalization [3] - The province is implementing a unique customs supervision model that allows for zero tariffs on most imported goods, production equipment, and raw materials, significantly reducing operational costs for enterprises by nearly 20% [4][5] Group 2: Industry Collaboration - Hainan is building a modern industrial system characterized by "4+5+3+2" focusing on tropical agriculture, cross-border tourism, health care, and digital economy, which aligns well with the needs of global southern countries [5] - The region is exploring deep cooperation in sustainable development areas such as clean energy, ecological protection, and sustainable tourism, with international recognition of its climate governance model [5] Group 3: Trade Opportunities - The RCEP framework presents development opportunities, with increasing trade interactions with ASEAN countries, aiming for higher levels of goods and service trade openness by 2025 [5] - Hainan has established a cross-border e-commerce "dual tax exemption" policy system, facilitating lower-cost and more efficient customs clearance for products from global southern countries [5][6] Group 4: Media Engagement - The global southern media visit aims to deepen understanding of Hainan's full island closure operation policies and their implications for global trade and investment [6] - The initiative seeks to create an information bridge and practical cooperation platform between Hainan and global southern countries, enhancing international influence and collaborative momentum for Hainan Free Trade Port [6]

新华社约翰内斯堡11月23日电 题：为全球治理体系变革凝聚南方共识 当前国际形势错综复杂，单边主义、保护主义和地缘政治博弈不断升温，全球经济增长乏力，全球发展 鸿沟持续扩大。更令人担忧的是，现有全球治理体系呈现出明显的滞后性与失衡性：代表性不足导 致"治理赤字"高企，规则不公导致"发展赤字"难除。本次峰会前夕发布的关于全球不平等问题的报告， 以触目惊心的数据揭示了南北之间在财富、贸易、资源及教育上的巨大落差。这深刻警示我们：世界的 繁荣稳定不可能建立在贫者愈贫、富者愈富的基础之上。 正是在这种背景下，以"团结、平等、可持续"为主题的约翰内斯堡峰会显得尤为重要。在金砖国家等新 兴市场和发展中国家群体性崛起的背景下，全球南方正在加速觉醒，从被动接受国际规则的参与者转变 为全球治理的重要塑造者。本次峰会上，全球南方国家广泛呼吁各方践行多边主义，缩短全球南北方国 家的发展差距，期待各方能够凝聚共识和深化合作，构建一个更加公平、包容与可持续的全球发展体 系，在变乱交织的国际形势中为世界注入更多的稳定与希望。 作为G20重要成员和最大发展中国家，中国始终致力于推动全球南方团结振兴。今年9月，中国提出 以"奉行主权平等、遵 ...

Core Viewpoint - The Global South is transitioning from a marginal position to a central role in global governance, with countries in this group increasingly becoming rule-makers rather than mere rule-takers [1][4]. Group 1: G20 Summit Significance - The G20 summit, taking place in Johannesburg on November 22-23, marks the first time the event is hosted in Africa, highlighting the importance of the Global South [1]. - South Africa, as the rotating chair, aims to elevate the development concerns of the Global South and Africa to the core agenda of the G20 [1]. Group 2: Role of Global South - Scholars emphasize that the Global South is becoming a significant symbol of the current era, with South Africa being the fourth Global South country to chair the G20 after Indonesia, India, and Brazil [1]. - The summit expands the narrative space for the Global South, allowing for a more inclusive dialogue on international governance [2]. Group 3: Institutional Development - New institutions led by the Global South are strengthening their roles amid a turbulent multilateral system, with initiatives from China providing intellectual support for South-South cooperation [1]. - The collaboration between China and South Africa is seen as pivotal in enhancing the collective voice of the Global South in international governance [2]. Group 4: African Development Focus - The G20 summit provides a new platform for addressing long-standing issues of concern for Africa, emphasizing that African modernization must be driven by Africans themselves [4][5]. - The summit will discuss three main themes: inclusive and sustainable economic growth, global resilience building, and creating a fairer future, with various reports to be reviewed [5].

人民网海口11月20日电 （记者崔译戈）南非消息：近日，浙江师范大学非洲研究院与南非共融社 会研究院在南非开普敦联合主办研讨会，纪念中非合作论坛成立25周年。来自中国、南非、尼日利亚、 塞拉利昂、冈比亚、布基纳法索、津巴布韦、埃塞俄比亚、利比里亚等国的各界代表出席会议。 刘鸿武在开幕式致辞中指出，本次会议的举办旨在回顾中非合作论坛成立25年以来的历史进程，分 析当前所面临的形势，为推动中非合作迈上新台阶贡献思想智慧。 刘鸿武表示，中方提出全球治理倡议，对全球南方具有重大而深远的意义。他认为，全球治理 的"非洲与南非时刻""中非合作时刻"已经到来，二十国集团（G20）领导人第二十次峰会即将在南非召 开，这是G20峰会首次在非洲大陆举办，对非洲发展、对中非合作、对全球南方都具有重要意义。 格特表示，中非合作论坛以相互尊重、平等共商为核心，推动中非关系实现跨越式发展，助力构建 中非命运共同体。作为论坛重要支撑，中非智库论坛成果丰硕，"达累斯萨拉姆共识"深化中非学术交 流。 研讨会上，各国学者围绕深化"中非达累斯萨拉姆共识"、"全球南方"国家发展道路、构建高水平中 非命运共同体、维护"全球南方"共同利益等议题展开深入 ...

今日周四（11月20日）亚盘时段，黄金期货目前交投于930附近，截至发稿，黄金期货暂931.22元/克， 涨幅0.06%，最高触及945.80元/克，最低下探929.20元/克。目前来看，黄金期货短线偏向震荡走势。 打开APP，查看更多高清行情>> 今日沪金期货需重点关注的关键阻力位区间为945元/克至1020元/克，而重要支撑位区间则位于930元/克 至950元/克。 德国支持南非担任G20主席国。约15位国家元首及多位欧洲国家领导人、日本首相将出席本周末约翰内 斯堡峰会。会谈症结包括性别和气候问题措辞，美国盟友阿根廷反对提及气候融资和全球气候协议。 【要闻速递】 南非与美国关系紧张，特朗普政府曾对南非出口产品征30%关税。南非外长称政府多次寻求修复关系。 【最新黄金期货行情解析】 美国正式警告南非勿推动发布G20峰会联合声明。11月15日美国外交照会显示，其将不参与峰会筹备及 本周末领导人峰会，阻止以G20共识立场发布成果，称南非优先事项"与美国政策观点相悖"，若发布成 果文件将仅定性为主席国声明。 尽管遭美国反对，南非仍努力争取峰会联合声明，确保宣言是其首要任务，且寻求在"全球南方"此前主 席国议程基础 ...

Core Viewpoint - The global governance initiative proposed by General Secretary Xi Jinping aims to reform and improve the global governance system, addressing the pressing global challenges of peace, development, security, and governance deficits [2][3][4]. Group 1: Global Governance Initiative - The initiative emphasizes five core principles: equality of sovereignty, adherence to international law, practice of multilateralism, a people-centered approach, and action-oriented solutions [2][3]. - It provides a systematic approach to address global challenges, enhancing the authority, representation, and effectiveness of the global governance system [3][4]. Group 2: Response to Global Challenges - The initiative directly confronts issues such as hegemonism, unilateralism, and protectionism, which threaten multilateralism and the United Nations [3][4]. - It recognizes the rising influence of developing countries and emerging markets, advocating for their greater representation in international affairs [4][5]. Group 3: Historical Context and Cultural Roots - The initiative reflects the historical evolution of international power dynamics and the urgent need to correct historical injustices in global governance [4][5]. - It draws on the rich traditions of Chinese culture, emphasizing values such as equality, rule of law, and collective well-being [11]. Group 4: International Support and Impact - Since its introduction, the initiative has garnered support from over 140 countries and international organizations, highlighting China's role as a stabilizing force in global governance [6][7]. - It aims to provide an alternative framework for international governance that contrasts with Western-dominated models, promoting fairness and justice [6][7]. Group 5: Practical Implementation - The initiative encourages practical actions in various fields, including climate change, public health, and digital governance, to address urgent global issues [16][17]. - It emphasizes the importance of cooperation and consensus-building among nations to effectively tackle global challenges [16][17].

Group 1 - The core announcement from Saudi Crown Prince Mohammed bin Salman is the increase of Saudi investments in the U.S. from $600 billion to an unprecedented $1 trillion, signaling a significant shift in international economic relations [1][2]. - This investment is not merely a financial maneuver but is underpinned by three strategic layers: strengthening U.S.-Saudi relations, accelerating Saudi Arabia's Vision 2030, and positioning Saudi Arabia within the geopolitical landscape [2][3]. - The investment serves as a "super adhesive" to solidify the alliance between Washington and Riyadh, reminiscent of the "petrodollar" agreements of the 1970s, creating a mutually beneficial relationship based on economic interdependence [2][3]. Group 2 - The $1 trillion investment is viewed as a catalyst for Saudi Arabia's transition away from oil dependency, facilitating access to advanced technologies in various sectors such as AI, renewable energy, biotechnology, and semiconductors [2][3]. - This move also reflects a strategic positioning in the geopolitical chess game, indicating Saudi Arabia's continued alignment with Western powers amidst a rapidly changing Middle Eastern landscape [3][4]. - The investment highlights the dual nature of U.S. dollar dominance, reinforcing its status while simultaneously exposing systemic risks associated with over-reliance on dollar assets, as global economies seek diversification [5][6]. Group 3 - The announcement signifies a broader trend of "Global South" countries seeking a dynamic balance between traditional alliances and new partnerships, moving away from binary choices in international relations [5][6]. - The implications of this investment extend beyond immediate financial impacts, suggesting a reconfiguration of global power dynamics and the emergence of new economic orders [8][10]. - The investment is a reminder that national interests drive international actions, with pragmatic calculations often overshadowing ideological considerations in global affairs [8][10].

随着关税战持续等因素给全球贸易及经济增长带来不确定性，中国香港传统发展路径腾挪空间日趋收窄。为持续 发挥跳板和增值作用，中国香港在全球南方所积极布局的新网络和新路径将收效如何？ 文｜《财经》特派香港记者 焦建 编辑｜苏琦 在当前复杂多变的国际政治经济环境中，作为连接中国内地与世界的"超级联系人"和"超级增值人"，中国香港特 区的作用有望愈发凸显。 这源于国家在进一步深化改革进程中对香港提出的多项要求。除巩固提升国际金融、航运、贸易等中心地位，亦 包括"打造国际高端人才集聚高地"等新措施、新表述。 在全球经济波动性日益增强的当下，受益于"一国两制"等制度安排，香港的安全、稳定、可靠、高效和国际化营 商环境，也在不断吸引资金流入的同时汇聚企业和人才。 多类数字佐证了这种不断提升的信心：截至2025年8月，香港银行存款总额超过18万亿港元，按年录得超过440亿 美元资金净流入；截至9月，在2024年上涨18%基础上，恒生指数继续上涨30%左右，IPO（首次公开募股）市场 共筹集160亿美元资金，重夺全球排名第一；截至10月，香港已引进五批共计102家重点企业，预计将带来约600亿 港元投资、创造约2.2万个就业职位 ...