Core Viewpoint - The current international economic and trade order is facing severe shocks, with increasing protectionism and unilateralism, leading to greater uncertainty and instability in the external environment for China's development [1] Group 1 - The role of national-level economic development zones in stabilizing foreign trade and foreign investment has become more prominent [1]

Market Overview - US stock index futures are all up, with Dow futures rising nearly 400 points [1][4] - European stock indices closed higher, with Germany's DAX30 up 1.68%, France's CAC40 up 1.21%, and the Euro Stoxx 50 up 1.30% [2] Trade Negotiations - The EU plans to accelerate negotiations with the US to avoid a transatlantic trade war, with both sides agreeing to maintain close contact [2] - US President Trump agreed to delay the imposition of a 50% tariff on the EU from June 1 to July 9 after a phone call with EU Commission President von der Leyen [3] Cryptocurrency Investment - Trump Media Group plans to raise $3 billion to invest in cryptocurrencies like Bitcoin, with Bitcoin recently surging to a high of $110,400 [1][7] - The financing will involve a $2 billion stock issuance and $1 billion in convertible bonds, with a potential announcement at a major cryptocurrency investor conference [7] Currency Dynamics - European Central Bank President Lagarde stated that the dominance of the US dollar is becoming uncertain, with its share in global reserves dropping to 58%, the lowest in over 30 years [6]

Core Viewpoint - The current international order is fundamentally shaken, with multilateral cooperation being replaced by zero-sum thinking and power struggles [1] Group 1: Economic Impact - European economy is deeply integrated into the global trade system, with exports accounting for nearly one-fifth of its economic value, supporting 30 million jobs [1] - Any changes leading to a decline in global trade or fragmentation of economic groups will adversely affect the European economy [1] Group 2: Currency Dynamics - The dominance of the US dollar is uncertain, with its share in global foreign exchange reserves declining to the lowest level since 1994 [1] - The euro is now the second-largest global currency, representing about 20% of global foreign exchange reserves [1] Group 3: Future Prospects - Enhancing the international status of the euro could lead to more trade being denominated in euros, protecting Europe from unstable capital flows [1] - To elevate the euro's global standing, Europe must commit to open trade, strengthen its economic foundation to promote capital market development, and uphold the rule of law and political unity [1]

Core Points - The meeting between Chinese Premier Li Qiang and Indonesian President Prabowo focused on enhancing strategic cooperation and high-quality Belt and Road Initiative projects, particularly the Jakarta-Bandung High-Speed Railway [1] - Both sides aim to strengthen market connectivity and industrial collaboration, improving trade and investment facilitation, and expanding cooperation in finance, new energy, digital economy, artificial intelligence, aerospace, and marine sectors [1] - The leaders emphasized the importance of cultural exchanges and cooperation in agriculture, poverty alleviation, and health to benefit the people of both nations [1] - Li Qiang highlighted the rising unilateralism and protectionism globally, advocating for unity and cooperation as the correct approach to face challenges [1] Agreements and Collaborations - Following the talks, both parties witnessed the signing of cooperation documents in economic development policies, supply chain, and finance [2]

在4月29日举行的世界贸易组织补贴与反补贴措施委员会会议上，中国代表全面阐释中方对产能过剩等 问题立场、观点，并就美国"对等关税"和歧视性补贴政策提出严重关切，指出上述做法严重破坏世贸组 织规则，呼吁成员团结合作，反对单边主义、保护主义，捍卫以世贸组织为核心的多边贸易体制。(商 务部) ...

在当前全球贸易格局深刻调整、保护主义阴影加重的背景下，建设开放包容、稳定高效的供应链体系正 成为国际社会的普遍共识。今年峰会吸引了历届最多的境外机构与嘉宾参会，印证了全球商界对中 国"供应链稳定器"角色的高度关注与认可。 峰会现场。主办方供图 保护主义引发全球阵痛，开放合作成主流声音 "当前，全球经济正遭受来自美国大规模保护主义的政策压力。关税削弱了国家之间的信任，加剧全球 波动，并使经济陷入更脆弱的境地。"新开发银行行长、巴西前总统迪尔玛·罗塞芙在峰会致辞时指出。 正如罗塞芙所言，自今年4月美国政府提出所谓"对等关税"政策以来，给世界贸易和经济带来巨大冲 击，各国商界已感受到负面影响。 "关税使许多在华德企面临严峻现实，业务受到影响。一些企业对此持观望态度。"中国德国商会华北及 东北地区董事会主席霍飞明接受中新网专访时表示。Sky Finance公司高管Christos Vlachos也提到，美国 新一任政府上台后，多变的贸易政策令人困惑，给企业经营带来巨大不确定性。 正因如此，摒弃单边主义与保护主义、推动多边合作，正成为越来越多国家和企业的共同诉求。 中国丹麦商会全国创始会长李曦萌呼吁，唯有国与国之间加强 ...

Group 1: Foreign Direct Investment - In the first four months of 2025, China's total foreign direct investment reached $57.54 billion, a year-on-year increase of 7.5% [2] - Non-financial foreign direct investment amounted to $51.04 billion, growing by 5.6%, with investment in Belt and Road Initiative countries at $12.78 billion, up 16.4% [2] - The total revenue from foreign contracted projects was $47.11 billion, an increase of 6.8%, while new contract value reached $76.59 billion, growing by 22.4% [2] Group 2: APEC Meeting Outcomes - The APEC Trade Ministers' Meeting held in May 2025 emphasized concerns over unilateralism and protectionism impacting multilateral trade systems [3] - A commitment was made to support the World Trade Organization (WTO) and to push for necessary reforms, including the inclusion of the "Investment Facilitation for Development" agreement into the WTO legal framework [3] - A series of agreements were reached on regional economic integration, digital economy, and supply chain connectivity, with a focus on enhancing cooperation among APEC members [3] Group 3: Home Appliance Replacement Program - Over 34 million consumers participated in the home appliance replacement program from September 2024 to April 2025, purchasing over 51 million appliances and generating sales of 174.5 billion yuan [4] - Retail sales of home appliances and audio-visual equipment saw a year-on-year increase of 38.8% in April, leading all 16 categories of consumer goods [4] - The program has led to a significant increase in sales of specific appliances, with offline sales growth rates for water purifiers, range hoods, gas stoves, and dishwashers at 45.3%, 42.0%, 40.4%, and 25.0% respectively [4] Group 4: Future Initiatives - The Ministry of Commerce will continue to implement policies to enhance the effectiveness of the home appliance replacement program, aiming to stimulate market consumption [5]

会上APEC成员对单边主义、保护主义严重冲击多边贸易体制等表达了高度关切。 根据商务部网站消息，2025年5月15—16日，李成钢国际贸易谈判代表兼副部长出席亚太经合组织第三 十一届贸易部长会议。 李成钢表示，近期个别经济体实施所谓"对等关税"、挑起全球贸易摩擦，严重违反世贸组织规则，冲击 多边贸易体制，引发全球经济动荡，很多贸易伙伴都表达强烈不满和明确反对。APEC成员应携手维护 国际经贸秩序稳定，践行真正的多边主义，坚决反对单边主义和保护主义，客观看待、妥善处理单边关 税措施引发的全球贸易失序，确保全球贸易在世贸组织框架下顺畅运行。 近日，亚太经合组织（APEC）第三十一届贸易部长会议在韩国济州举行。 李成钢表示，APEC成员应在推动世贸组织改革上采取有效行动。用新方法处理发展议题，推动第14届 部长级会议取得发展导向型成果，推动尽早将投资便利化协定、电子商务协定纳入世贸组织法律框架， 尽快恢复争端解决机制正常运转，完成有关加入谈判，增强世贸组织代表性和权威性。 5月22日，商务部新闻发言人何咏前在例行新闻发布会上介绍，这是今年全球首场重要多边贸易部长 会，受到国际社会高度关注。经过密集磋商，会议形成一系 ...

"体制之友"成员表示，世贸组织自成立以来发挥了重要作用，为全球贸易提供了开放、透明、可预见和 非歧视的全球贸易体制。在当前单边主义盛行、全球供应链受阻的情况下，成员共同维护和加强世贸组 织规则原则、保持相互间贸易开放十分重要。"体制之友"成员呼吁，成员应加强团结合作，通过实行大 胆的集体行动和深入推进世贸组织改革，有效应对当前全球贸易局势。 中方表示，美国"对等关税"严重破坏多边贸易体制，冲击全球经济，损害发展中国家利益。世贸成员应 通过维护和加强世贸组织核心价值和基本原则有效应对美国"对等关税"等单边主义和保护主义冲击。同 时，世贸成员应共同致力推进全球贸易重构，以开放合作重塑受到破坏的产业链供应链，以相互尊重、 互利共赢方式降低贸易壁垒，探索新的贸易增长机会。中方支持提高贸易政策透明度，推进世贸组织改 革；同时，任何双边安排必须符合世贸组织规则原则，不得损害其他成员利益。 （文章来源：央视新闻） 5月20日至21日，世贸组织在瑞士日内瓦召开总理事会2025年度第二次会议。在第二天会议上，欧盟设 置议程批评美国关税措施导致全球贸易碎片化，新加坡、瑞士代表"体制之友"成员设置议程呼吁强化多 边贸易体制以应对当 ...

中国—东盟经贸部长特别会议以视频形式举行 金十数据5月21日讯，5月20日，商务部部长王文涛以视频形式与东盟轮值主席国马来西亚贸工部长扎夫 鲁共同主持召开中国—东盟经贸部长特别会议。东盟十国经贸主管部门负责人、东盟秘书长等出席会 议，东帝汶贸工部长作为观察员参会。会议就支持多边贸易体制、共同应对全球贸易紧张局势、加强中 国—东盟经贸合作深入交换意见，达成重要共识。王文涛指出，近期个别经济体滥施所谓"对等关税"、 实施经济霸凌，严重破坏国际贸易体系，给世界经济带来高度不确定性。有关做法不符合经济规律，违 反市场原则，中方绝不接受、坚决反对。中方始终认为，贸易战、关税战没有赢家，单边主义、保护主 义没有出路，极端施压和威胁不是同各国交往的正确方式。 ...