Group 1 - The UK and EU reached a comprehensive trade agreement on May 19, 2025, marking a "reset" in UK-EU relations after Brexit [1][2] - The agreement covers various areas including fisheries, food imports and exports, defense security, and the movement of people, with UK Prime Minister Keir Starmer describing it as a "practical solution" [3][4] - The UK government made concessions on fishing rights, extending EU fishing vessels' access to UK waters by 12 years until June 2038, while the EU simplified food and beverage import processes for the UK [4][6] Group 2 - The agreement is projected to contribute nearly £9 billion to the UK economy by 2040, although experts suggest this will only offset a small portion of the economic impact of Brexit [6][7] - The UK government has demonstrated a pragmatic approach in trade policy, having signed agreements with India, the US, and now the EU, contrasting with the previous government's lack of progress post-Brexit [9] Group 3 - The agreement has faced criticism from hardline Brexit supporters, including former Prime Minister Boris Johnson, who labeled it a "betrayal" of UK interests [10][11] - Despite the criticism, many UK business groups, including the British Retail Consortium and the Confederation of British Industry, welcomed the agreement as a step forward in UK-EU relations [14][15] Group 4 - The agreement includes a commitment to a youth mobility program, although discussions on this were hindered by domestic concerns over immigration [5][19] - The proposed youth mobility plan, similar to existing programs for young people from countries like Australia and Canada, was ultimately not included in the agreement due to political sensitivities [20][22]

Group 1 - The Chinese government is revising and expanding the "Encouraging Foreign Investment Industry Catalog," with high-end manufacturing and digital economy sectors to be included in the new version [1] - The National Development and Reform Commission (NDRC) aims to enhance foreign investment confidence by creating a stable and predictable macro policy environment, especially in light of rising global investment uncertainties due to unilateral actions by other countries [2] - The NDRC has established a task force for major foreign investment projects, having serviced 66 significant projects with a total investment of $97 billion, of which 33 projects have commenced full or partial production [2] Group 2 - The NDRC plans to implement policies to encourage reinvestment by foreign enterprises in China, focusing on strengthening resource guarantees, optimizing financial support, and improving the convenience of reinvestment [1] - The NDRC emphasizes the importance of a stable and transparent macro policy environment for enhancing investment efficiency, while also calling for a return to multilateralism and free trade by other countries [2]

特朗普（资料图） 据中国青年网报道，一连多日，从金融市场到跨境商家，都沉浸在中美关税冲突缓解的喜悦和兴奋中。外界普遍用"高于预期"来形容此次中美两国官员在美 国总统特朗普发动关税战后的首次面对面会晤。根据5月12日发布的中美日内瓦经贸会谈联合声明，中美各取消91％的关税、暂停实施24%的"对等关税"90 天，相互调整后的关税于5月14日正式实施。中方表示，中美迈出了通过平等对话协商解决分歧的重要一步。 5月14日12时01分(美东时间5月14日0时01分)起，中美相互调整后的关税正式实施。据彭博社消息，摩根大通因此提高了美国经济增速预测，认为美国2025 年经济衰退概率降低，并将一项剔除食品和能源的潜在通胀指标预测从4%下调至3.5%。同时，瑞银、摩根士丹利等上调了对中国GDP增速预测。专家提 到，日内瓦谈判说明中美双方都希望能够继续发展双边经贸关系，对话中双方都展现出了诚意，这为下一阶段的经贸谈判奠定基础。 美国高盛分析师称，未来90天，从中国进口将爆火，"抢先"成为关键词。不过，法新社称，尽管中美关税争端暂时缓解，但美国公司仍担忧90天后美方政 策"可能出现波动"。对于中美是否会举行下阶段高层经贸会谈，并 ...

"RCEP各方应携手应对，坚定深化区域合作信心，共同反对单边主义、保护主义，维护自由贸易和多边 主义。" 据商务部网站消息，5月15日，《区域全面经济伙伴关系协定》（RCEP）联委会第九次会议在日本东京 举行。 15个成员国及东盟秘书处派员参会。各方围绕高质量实施协定、新成员加入工作组职责范围文件、 RCEP支持机构建设等议题进行深入讨论，取得积极进展。 中方在会上表示，当前国际经贸体系面临挑战冲击，RCEP各方应携手应对，坚定深化区域合作信心， 共同反对单边主义、保护主义，维护自由贸易和多边主义，以高质量实施RCEP为抓手，积极发挥 RCEP在亚太经济一体化中的引领作用，以自贸合作的确定性应对国际经贸体系面临的挑战。 商务部研究院亚洲研究所所长、研究员袁波对第一财经记者表示，近年来，中国与东盟国家深化自贸合 作，高质量实施RCEP和中国—东盟等自贸协定，经贸领域合作成绩斐然：货物贸易屡创新高，展现出 强大的发展韧性，服务贸易快速回升发展潜力巨大，双向投资日益紧密，为拉动区域经济产业发展发挥 了重要作用。 袁波表示，当前，世界经济发展面临巨大的不确定性，地缘政治挑战不断，贸易保护主义和单边主义措 施日益上升， ...

Core Viewpoint - The recent agreement between China and the U.S. to significantly reduce tariffs is expected to positively impact trade growth between the two countries and support global economic recovery [2]. Group 1: Economic Environment - The international environment remains complex and severe, with rising unilateralism and protectionism impacting global economic growth [2]. - Despite external pressures, China's economy maintains a long-term positive outlook, supported by coordinated macro policies and innovation [6]. Group 2: Trade Performance - In the first four months of the year, China's total goods import and export volume increased by 2.4%, with a notable acceleration in April, where the growth rate reached 5.6% [4]. - Exports in April alone grew by 9.3%, indicating strong performance despite external challenges [4]. Group 3: Trade Diversification - Although trade with the U.S. has declined, trade diversification efforts have led to increased imports and exports with ASEAN and Belt and Road countries, with ASEAN trade growing by 9.2% in the first four months [5]. - The ability of China's foreign trade to withstand external pressures reflects a solid industrial foundation and strong competitive advantages in the global supply chain [5]. Group 4: Policy Support - The government has enhanced support for foreign trade enterprises through policies such as export tax rebates and financial assistance, creating a favorable environment for trade development [5]. - The implementation of proactive macro policies has expanded market demand, boosted production, and supported innovation, contributing to a growing consumer base [6].

Core Viewpoint - The Shenzhen Stock Exchange 2025 Global Investor Conference emphasizes the theme of "New Quality Productivity: Investment Opportunities in China - Open Innovation in the Shenzhen Market," showcasing the investment value of Chinese assets and the A-share market through various formats such as keynote speeches, roundtable discussions, and company roadshows [1] Group 1 - The keynote speech by former World Bank Vice President Ian Goldin discusses global economic trends and the development of new quality productivity in China [1] - Goldin expresses concerns about protectionism and nationalism, highlighting that these factors can lead to distrust between nations and reduce cooperation, which is essential for addressing systemic risks [2][3] - He emphasizes the need for stable mechanisms to foster cooperation among countries, as global challenges such as climate change and pandemics require collective action [2][3] Group 2 - Goldin advocates for tighter cooperation among countries, especially in light of the U.S. imposing tariffs and reluctance to collaborate, stressing the importance of open trade systems and stable global financial frameworks [3] - He praises Shenzhen as an open city that has made significant efforts to integrate into the global economy, noting its achievements over the past 40 years and expressing optimism for its future development [3]

佩里指出，关税如今越来越成为外交政策的"钝器"，这一趋势正在削弱支撑全球贸易数十年的规则体 系。 "对于全球贸易界而言，这引发了一个关键问题：如果规则可以一夜之间被改写，企业又如何作出为期 五年、十年的商业决策？"他说："在全球市场中，不确定性是最昂贵的成本。" 英国四十八家集团主席杰克·佩里近日接受新华社书面专访时表示，美国政府近期推出的一系列关税政 策显示，其贸易政策正从经济合作导向转向地缘政治导向，这一转变将给全球贸易带来更多不确定性。 "美国的这一举措传递出一个信号：市场逻辑正在让位于政治考量。这种做法增加了全球贸易体系的波 动性，而该体系本应建立在可预测性的基础之上。"佩里表示。 作为伦敦出口公司首席执行官，佩里还对因保护主义抬头而重复建设供应链的趋势表示担忧。"当国家 开始搭建彼此平行的供应链时，效率会降低，成本会增加，维系贸易流通的信任也会随之流失。"他 说。 在谈到关税升级是否可能成为一种长期趋势时，佩里表示，局势仍有回转的空间，但这需要政治意愿和 商业现实的共同作用。他指出："历史告诉我们，保护主义结果将适得其反，长期看会削弱经济增长的 根基。" "扭转这种周期的动力并非来自理想主义，而来自 ...

Group 1 - The sixth European Political Community leaders' meeting took place in Tirana, Albania, with around 50 leaders discussing European security and economic challenges [1] - The meeting's theme was "A New Europe in a New World: Unity, Cooperation, and Joint Action," focusing on issues such as the Russia-Ukraine conflict, innovation, digital infrastructure, energy sustainability, and supply chain security [1] - European Council President Costa called for deepening global trade cooperation and resisting protectionism [1] Group 2 - European Commission President von der Leyen announced that the EU is prepared to implement new large-scale sanctions against Russia, including listing more vessels belonging to Russia's "shadow fleet," lowering the oil price cap, and imposing further sanctions on the Russian financial sector [1]

中美作为全球最具影响力的大国，应共同承担起维护多边主义体系、推动开放型世界经济的责任。国际 社会也应共同捍卫开放和以规则为基础的多边贸易体制，加强在国际贸易问题上的对话和合作，推动世 界经济走向更加繁荣、公正、可持续的未来。 日前举行的中美经贸高层会谈达成了一系列重要共识，取得了实质性进展。在此过程中，中方始终秉持 开放、合作、共赢理念，坚定维护多边主义和自由贸易，不仅为中美关系注入了更多稳定性和正能量， 也为充满不确定性的世界经济带来了稳定预期。 （文章来源：经济日报） 近年来，保护主义、单边主义抬头趋势明显，严重削弱了世贸组织的争端解决机制和多边规则的有效 性。世界各国要清醒认识到，当前世界经济面临诸多问题，不是因为多边主义出了错，而是因为个别国 家背离了多边主义的原则；不是自由贸易的失败，而是因为保护主义和零和博弈思维抬头。要解决这些 深层次问题，必须回到多边主义与自由贸易的初心。国际社会应在世贸组织框架下，坚持规则为本、协 商为先，通过平等对话处理贸易争端，并进一步提升多边贸易体系的包容性、代表性和有效性。 中国始终是多边主义的坚定倡导者和自由贸易的有力推动者。自加入世贸组织以来，中国积极履行入世 承 ...

Core Viewpoint - The U.S. Department of Commerce has announced new regulations to strengthen export controls on global chip exports, claiming that the use of Huawei's Ascend chips anywhere in the world violates U.S. export control laws, which poses a serious threat to the highly globalized semiconductor division and increases the risk of market fragmentation and technological standard divergence [1] Group 1: U.S. Export Control Regulations - The new regulations are characterized as unilateral and non-market actions that threaten global technological innovation [1] - The U.S. government claims that these restrictions are intended to ensure that the U.S. remains at the forefront of AI innovation, but this approach is criticized as protectionist and counterproductive [1][2] - Historical evidence suggests that protectionist measures, such as those in the steel industry, have not effectively preserved jobs or enhanced competitiveness [1] Group 2: Impact on the Semiconductor Industry - The U.S. blockade strategy underestimates China's industrial resilience and innovation capabilities while overestimating the irreplaceability of U.S. companies [3] - The blockade has accelerated the growth of China's semiconductor industry, enhancing its self-research capabilities [3] - The complexity of the semiconductor supply chain means that no single country can independently complete it, and the U.S. "America First" policy is prompting countries to localize their semiconductor industries [3] Group 3: Global Cooperation and Innovation - China's innovation is thriving in the face of adversity, driven by an open and competitive approach [4] - Prominent economists argue that countries should enhance cooperation in advanced technology fields like AI rather than dividing the world into "friends" and "enemies" [4] - The geopolitical risks are exacerbating the trend of supply chain decentralization, leading the semiconductor industry into an unpredictable era [4] Group 4: Future Outlook - The historical evolution suggests that the timing and momentum are in favor of China [5]