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]

商务部副部长李成钢：APEC成员应携手维护国际经贸秩序稳定 坚决反对单边主义和保护主义 金十数据5月16日讯，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。 相关链接 ...

Group 1 - The Ministry of Commerce urges the US to stop the 232 tariff measures, stating that such actions are unilateral and protectionist, harming the interests of other countries and disrupting the multilateral trade system [3] - The Ministry of Commerce responds to the US's export control measures against Huawei's Ascend chips, indicating that these actions severely damage the legitimate rights of Chinese companies and threaten the stability of the global semiconductor supply chain [3] - The Ministry of Commerce addresses the issue of rare earth export controls, stating that there is no further information available at this time, but will provide updates as necessary [4] Group 2 - The Supreme Court and the China Securities Regulatory Commission (CSRC) emphasize the need to combat false information and protect market order, stating that those who harm others' rights through false narratives will face legal consequences [9] - The CSRC announces new regulations requiring that funds raised by listed companies must be used specifically for their main business and not for permanent working capital or repaying bank loans [12] - The CSRC will strictly regulate changes in the use of raised funds and ensure that controlling shareholders do not occupy these funds, with penalties for unauthorized changes [13] Group 3 - The China Chemical Corporation's subsidiary is involved in a lawsuit regarding false statements related to securities, with claims for damages amounting to 5.147 billion yuan [14] - China Minmetals Corporation reports a 24.9% year-on-year decrease in new contract amounts for the first four months of 2025, with overseas contracts also declining by 7.7% [15] - The real estate industry is experiencing a contraction, with the top 30 real estate companies reporting a slight revenue decline of 0.083% year-on-year, with only 11 companies showing growth [27]

Core Viewpoint - The Chinese government maintains an open attitude towards resolving trade concerns through dialogue and communication, emphasizing the importance of the China-U.S. economic and trade consultation mechanism established during the Geneva talks [3][4][9]. Group 1: China-U.S. Trade Relations - The Chinese side urges the U.S. to promptly stop the Section 232 tariffs on imports of automobiles and steel, viewing these actions as unilateralism and protectionism that harm other countries' interests and disrupt the multilateral trade system [6][7]. - The high-level economic talks between China and the U.S. took place in Geneva from May 10 to 11, where both sides achieved substantial progress and reached important consensus based on the discussions from January 17 [9]. Group 2: Semiconductor Industry - The Chinese government responded to the U.S. Department of Commerce's announcement regarding Huawei chips, labeling it as a typical example of non-market and unilateral bullying practices that threaten the stability of the global semiconductor supply chain [10]. - The Chinese side calls for the U.S. to immediately correct its erroneous practices and emphasizes that such restrictions severely damage the legitimate rights of Chinese enterprises and disrupt market rules and international economic order [10].

Group 1 - The core viewpoint is that China and the United States have agreed to establish a trade consultation mechanism to maintain communication regarding each other's concerns in the trade field [1][3][4] - The high-level trade talks took place in Geneva from May 10 to 11, where both sides made substantial progress and reached important consensus, resulting in the "Joint Statement of the China-U.S. Geneva Trade Talks" [3][4] - The mechanism will involve regular or irregular consultations held alternately in China, the U.S., or a mutually agreed third country, focusing on trade issues of mutual concern [3][4] Group 2 - The U.S. has recently revoked a total of 91% of tariffs on Chinese goods and adjusted other tariff measures, including a 34% tariff on certain products, with 24% of these tariffs suspended for 90 days [5][6] - China has indicated that it will adjust its tariffs and non-tariff measures in response to the U.S. actions, emphasizing the importance of dialogue to resolve trade concerns [6] - The Chinese government has criticized the U.S. for its unilateral and protectionist measures, particularly regarding tariffs on automobiles, steel, aluminum, and pharmaceuticals, urging the U.S. to cease these actions [6][7]

在今天召开的商务部例行新闻发布会上，新闻发言人表示，关于美方针对进口汽车、钢铝的232关税， 以及对进口药品发起232调查，中方认为，美方做法是典型的单边主义和保护主义行径，不仅损害他国 权益，破坏以规则为基础的多边贸易体制，也无益于本国产业发展，中方敦促美方，尽快停止232关税 措施，通过平等对话，妥善解决各方关切。 ...

施罗德投资金属基金经理James Luke指，黄金的基本面长期已经呈现正面迹象。通过有效地摆脱美国作 为储备货币发行国的角色，美国总统特朗普正在为这些趋势加码。长期的环球地缘政治及财政趋势有可 能推动黄金市场出现强劲的牛市，但须重申，如果金价不大幅上升，黄金市场的规模根本不足以吸收在 全球同步出现的买盘。特朗普正在加速并增强这项全球同步竞标的潜力。 特朗普保护主义具滞胀特质 黄金受惠关税致资金回流 施罗德投资表示，在基本预测情景下，特朗普的保护主义议程具有周期性滞胀特质。滞胀为风险资产带 来痛苦，但往往非常利好黄金。从整个大局来看可能更具震撼性。通过根据贸易逆差规模而非实际的贸 易障碍建议征收高额关税，特朗普明确表示，美国想要的不是自由贸易，而是平衡贸易。这种对贸易逆 差的排斥是对全球化最严厉的谢绝，亦可视为对以美元为中心的环球货币体系实质上的排斥。 在12个月前，预测2030年黄金达到5000美元/盎司的价格并不令人感到夸张。现在，这个价格则显得较 为保守。 黄金作为货币资产而非大宗商品资产而上涨 对于黄金股票而言，目前的价格很有可能转化为广泛股票市场中任何行业板块最大的盈利和自由现金流 增长。尽管如此，投 ...

在班多看来，美中作为世界上两个重要国家，保持良好的关系、就重大问题开展合作并共同解决全球性 挑战至关重要。 展望未来的全球治理格局，班多认为，新兴大国将会承担起更多国际责任。他表示，自己很高兴看到曾 经不发达的国家在经济、社会和政治上持续进步，成为国际治理的新兴力量。(完) （文章来源：中国新闻网） 中新社北京5月14日电 (记者李京泽郭超凯)第四届万寿国际安全研讨会于5月13日至14日在北京举行。美 国前总统里根特别助理、卡托研究所高级研究员班多在研讨会上表示，美中两国对维护世界和平稳定具 有举足轻重的作用，双方应带头创造一个远离零和博弈、人人共享的世界。 本届研讨会的主题是"变乱世界中的普遍安全——大国的责任"。班多表示，当今世界充满动荡，大国应 汲取历史教训，担负起时代责任，确保世界不会重新堕入战争深渊。 当前，单边主义、保护主义正严重冲击国际经济格局。"经济合作曾让各国走到一起。但不幸的是，美 国新政府正把投资和贸易作为武器，威胁自身及他国的繁荣与稳定。"班多说，美国官员有义务考虑自 身决策可能对世界带来的影响。 30多年前，班多首次访问中国，此后他一直关注着中国的发展，并见证了这片古老土地发生翻天覆 ...

推文截图 文章称，世界上大多数国家接受了这一建议，但此后却发现，与一名似乎不懂贸易运作方式的总统达成 全球贸易协议非常困难。各国外交官们沮丧万分，因为他们根本无法确定特朗普到底想从他们那里得到 什么，更不用说他准备提供什么回报了。迄今为止，只有英国通过让步与美国达成协议。 相反的是，中国采取了对美反制措施，对美国进口产品征收高额关税，并实施对美稀土出口限制。 观察者网消息，"不要被特朗普的虚张声势唬住，中国给全世界打了个样。" 5月12日，美国《大西洋月刊》以此为题刊文称，美国总统特朗普向全球高举关税大棒，同时发出严厉 警告："不得报复，必有回报"。然而中国无视了这一警告，最终却得到了回报。同日早些时候，中美在 经贸高层会谈后同意在90天内降低关税，将税率下调115%。 "今天上午，特朗普基本暂停了贸易战，得到的只是中方持续谈判的承诺，"《大西洋月刊》专刊作者乔 纳森·柴特写道，"受到特朗普威胁的每个人，无论是国家、企业还是大学，都可以从中国那里学到一 课。" 4月2日，特朗普宣布所谓"解放日"关税政策，对全世界征收高额"对等关税"。 文章称，特朗普公布关税政策的同时，还上演了一场独特的"霸权主义戏剧"。特朗 ...

当地时间5月13日，欧洲央行管委、法国央行行长弗朗索瓦·维勒鲁瓦德加洛（François Villeroy de Galhau）表示，鉴于贸易紧张局势并未加剧该地区的通胀，该央行到夏季可能会再次下调借贷成本。维 勒鲁瓦表示，"特朗普政府的保护主义将导致美国重新出现通胀，但在欧洲不会如此，这无疑使得现在 到夏季之间再度降息成为可能。" ...