Group 1 - The core viewpoint of the article emphasizes China's stance on the Taiwan issue, asserting that it is a matter for the Chinese people to resolve without external interference [1][2] - The Chinese government expresses a commitment to safeguarding national sovereignty and territorial integrity, highlighting the importance of mutual respect and cooperation in U.S.-China relations [1][2] - The article reiterates that Taiwan is an inseparable part of China and that the Taiwan issue represents a core interest for China, marking it as a red line in U.S.-China relations [1]

Group 1: Public Funds - In November, the newly established equity public fund shares reached 716.44 billion, an increase of 168.21 billion from the previous month, placing it in the 94.44 percentile over the past three years [12][73] - The new issuance of active equity funds in November was 255.00 billion, up by 96.12 billion month-on-month, while passive equity funds saw an increase of 288.92 billion, up by 63.54 billion [13][73] - The net subscription for stock ETFs in November was 177.00 billion, a decrease of 335.87 billion from the previous month, with broad-based ETFs being the main direction of fund outflow [17][73] Group 2: Private Securities Funds - The scale of private securities funds in October was 7.01 trillion, showing a significant increase compared to September [24][68] - The number of newly issued stock products in October was 995, a decrease of 53 from September, indicating a slight downward trend [24][68] - The average position of private equity long-only indices in September was 66.22%, up 2.40 percentage points from August, reflecting a rising trend in market risk appetite [26][68] Group 3: Northbound Capital - In November, the average daily trading volume of northbound capital was 2212.42 billion, down 14.35% from the previous month, with its share of total A-share trading falling to 11.56% [27][68] - The decline in northbound trading volume may be attributed to the recent hawkish comments from some Federal Reserve officials, tightening market liquidity expectations [27][68] Group 4: Margin Financing - As of the end of November, the total margin financing balance was 2.47 trillion, a decrease of 0.52% from the previous month [31][68] - The net outflow of margin financing in November was 126.13 billion, with the trading volume of margin financing accounting for 10.44% [34][68] Group 5: Incremental Capital - In November, the number of new institutional accounts opened on the Shanghai Stock Exchange was 0.97 million, a year-on-year increase of 28.49% [38][69] - The number of new personal accounts was approximately 2.37 million, showing a year-on-year decline of 11.86%, but the decline was significantly narrowed compared to the previous period [38][69] Group 6: Insurance Capital - In Q3 2025, the net increase in equity assets held by property and life insurance companies was 8639.94 billion [42][69] - The proportion of equity assets in the total investment of insurance funds reached 15.49%, an increase of 1.96 percentage points [42][69] Group 7: Bank Wealth Management - In November, the number of wealth management products issued was 6651, an increase of 35.73% from the previous month [49][69] - The number of products reaching maturity was 3702, up 96.91% month-on-month, indicating a significant recovery in issuance [49][69] Group 8: Industrial Capital - In November, the overall net reduction in industrial capital was 401.31 billion, with a daily average net reduction of 20.07 billion [55][69] - The reduction trend continues, but it remains at a historically low level, particularly in the electronics and defense industries [55][69] Group 9: Three Major Capital Flow Indicators - As of November 28, the capital flow indicator value was -0.04, indicating a decrease in trading activity in the equity market [61][70] - The narrowing decline in the indicator suggests that the market adjustment may be nearing its end, with potential entry points for foreign capital and public institutions [61][70]

Core Viewpoint - The essence of China-U.S. economic and trade relations is mutual benefit and win-win cooperation, which should continue to serve as the "ballast" and "driving force" for bilateral relations [3] Group 1: China-U.S. Relations - China hopes the U.S. will work together to implement the important consensus reached by the two heads of state, based on principles of equality, respect, and mutual benefit, to compress the list of issues and expand the list of cooperation [3] - China emphasizes that mutual respect, peaceful coexistence, and win-win cooperation are the correct ways for China-U.S. relations, and it is the only realistic choice [5] - The Taiwan issue is highlighted as a core interest of China, and any external interference is not acceptable; the U.S. is urged to adhere to the One China principle and stop supporting "Taiwan independence" [5] Group 2: China-Germany Relations - China and Germany are described as comprehensive strategic partners, with a history of good development over 53 years, benefiting both nations and their peoples [7] - The recent visit of the German Foreign Minister to China is seen as an opportunity to deepen communication on bilateral and international issues, with a focus on enhancing mutual understanding and cooperation [7] Group 3: China-Europe Relations - Frequent high-level exchanges between China and European countries this year indicate a strengthening of strategic partnerships and mutual cooperation [9] - China expresses willingness to work with Europe to maintain multilateralism, support free trade, and address global challenges such as climate change, thereby injecting stability and certainty into a turbulent world [9] Group 4: China-Japan Relations - China firmly opposes Japan's claims regarding radar incidents and emphasizes that its military activities are in accordance with international law [11] - The statement highlights Japan's actions as provocative and misleading, urging Japan to cease its disruptive behavior and false narratives regarding military security [11]

Core Viewpoint - The Chinese Foreign Ministry responded to the U.S. National Security Strategy report, emphasizing the importance of mutual respect and cooperation in U.S.-China relations while firmly defending China's sovereignty and territorial integrity regarding Taiwan [3][4]. Group 1: U.S.-China Relations - The Chinese side believes that cooperation benefits both nations, while conflict harms both, advocating for a stable and healthy development of U.S.-China relations [3]. - The Chinese government hopes the U.S. will work towards mutual understanding and implement the important consensus reached by the leaders of both countries [3][5]. Group 2: Taiwan Issue - The Chinese Foreign Ministry reiterated that Taiwan is an inseparable part of China and that the Taiwan issue is a core interest, representing a red line in U.S.-China relations [3][4]. - The Chinese side urged the U.S. to adhere to the One China principle and stop supporting separatist forces in Taiwan [4]. Group 3: Economic Relations - The essence of U.S.-China economic relations is mutual benefit, with a call for continued cooperation to serve as a stabilizing force in bilateral relations [5]. - The Chinese government expressed a desire for dialogue and collaboration to expand cooperation and reduce outstanding issues in the economic relationship [5].

2025.12. 08 他同时表示，关于台湾问题，我想强调的是，台湾是中国的台湾，是中国领土不可分割的一部分，台 湾问题是中国核心利益中的核心，是中美关系第一条不可逾越的红线。如何解决台湾问题是中国人自 己的事，不容任何外部干涉。美方应切实恪守一个中国原则和中美三个联合公报，兑现美国领导人所 作承诺，慎之又慎处理台湾问题，停止纵容支持"台独"分裂势力以武谋"独"、以武拒统，中方捍卫国 家主权和领土完整的决心意志坚定不移。 外交部：中美经贸合作应该继续成为中美关系的"压舱石"和"推进器" 在8日举行的外交部例行记者会上，有媒体提问称，在美国政府最新发布的国家安全战略报告中，美国 非常强调与中国的经贸关系，既批评了中国的一些贸易行为，同时也表达了希望与中国建立互利的经济 关系的意愿。请问中方对此有何评论？ 对此，中国外交部发言人郭嘉昆表示，中美经贸关系的本质是互利共赢，不存在谁占谁的便宜，经贸合 作应该继续成为中美关系的"压舱石"和"推进器"。我们希望美方同中方一道落实好两国元首重要共识， 本文字数：342，阅读时长大约1分钟 来源 | 环球网 图源 | 外交部官网资料图 在8日举行的外交部例行记者会上，有媒体提 ...

中新网北京12月8日电 (记者 黄钰钦)中国外交部发言人郭嘉昆8日主持例行记者会。 有记者提问：美国特朗普政府新发布《国家安全战略》，该报告一方面称"不支持任何单方面改变台海 现状的行为"，另一方面又提及"美国及其盟友阻止任何企图以武力夺取台湾的能力"。中方对此有何评 论？ 郭嘉昆：我们注意到美国政府发表的《国家安全战略》报告。中方始终认为中美合则两利、斗则俱伤， 相互尊重、和平共处、合作共赢是中美正确相处之道，也是唯一正确现实选择。中方愿同美方一道，推 动中美关系继续保持稳定发展，同时坚定捍卫自身主权、安全、发展利益。 我们希望美方同中方相向而行，落实好两国元首达成的重要共识，加强对话合作，妥善管控分歧，推动 中美关系稳定、健康、可持续发展，为世界注入更多的确定性和稳定性。 关于台湾问题，台湾是中国的台湾，是中国领土不可分割的一部分，台湾问题是中国核心利益中的核 心，是中美关系第一条不可逾越的红线。如何解决台湾问题是中国人自己的事，不容任何外部干涉。 美方应切实恪守一个中国原则和中美三个联合公报，兑现美国领导人所作承诺，慎之又慎处理台湾问 题，停止纵容支持"台独"分裂势力"以武谋独""以武拒统"，中方捍卫国 ...

"美方应切实恪守一个中国原则和中美三个联合公报，兑现美国领导人所作承诺，慎之又慎处理台湾问题，停止纵容支持'台独'分裂势力'以武谋 独''以武拒统'，中方捍卫国家主权和领土完整的决心意志，坚定不移。"他说。 据澎湃新闻，12月8日，外交部发言人郭嘉昆主持例行记者会。 路透社记者提问，外交部对特朗普政府新发布的《国家安全战略》有何回应，该报告一方面称"美国不支持任何单方面改变台海现状的行为"，另一方 面又提及"美国及其盟友阻止任何'以武力夺取台湾'的企图能力。中方对此有何评论？ 对此，郭嘉昆回应，我们注意到美国政府发表的《国家安全战略》报告 。 中方始终认为中美合则两利，斗则俱伤，相互尊重，和平共处，合作共赢 是中美正确相处之道，也是唯一正确现实选择。 中方愿同美方一道，推动中美关系继续保持稳定发展，同时坚定捍卫自身主权安全发展利益。 "我们希望美方同中方相向而行，落实好两国元首达成的重要共识，加强对话合作，妥善管控分歧，推动中美关系稳定、健康、可持续发展，为世界 注入更多的确定性和稳定性。"郭嘉昆说。 关于台湾问题，郭嘉昆强调，台湾是中国的台湾，是中国领土不可分割的一部分，台湾问题是中国核心利益中的核心，是中 ...

更让人尴尬的是，国会山上一些百分百脱钩的激进派，嘴上骂着投降，结果却在自家选区拉起电池工厂 补贴。他们一边大喊要断绝与中国的联系，一边又努力搬回供应链，试图让俄亥俄州重新生产电池。但 没有中国的阴极材料，机器不过是一堆废铁。言辞激烈，但行动却很现实。特斯拉的上海工厂刚刚扩 产，马斯克迫不及待地发推感谢上海团队，结果秒删，这条推文瞬间被网友截图并做成表情包，迅速在 网上传播。 北京方面的反应则非常冷静。商务部并没有过多的庆祝，而是悄悄收紧了稀土出口配额5%，给外界展 示了一种温柔的打击。与此同时，国产H800算力卡成功流片，中芯南方的7nm技术良率突破70%，阿里 也准备在下一步的大模型训练中不再依赖美国技术。中国的技术进步意味着，未来的竞争将不再是等待 别人给予机会，而是主动抓住自己的窗口期。 如果关税再涨，我的厂子就真要关门了。 12月4日，特朗普突然宣布暂停对中国的制裁。美国时间凌晨 2点，白宫内部文件泄露：原定于下周发布的300亿加税清单被取消，而特朗普的北京之行将在明年4月 之前开始，他希望通过买路钱达成某种协议。这一转变意味着，鹰派言辞最终没有击败实际的生产压 力。消息一出，五角大楼松了口气。此前， ...

证券代码：839979 油脂早报 2025-12-08投资咨询部 每日观点 豆油 1.基本面：MPOB报告显示，MPOB月报显示马棕8月产量环比减少9.8%至162万吨，出口环比减少14.74%至 149万吨，月末库存环比减少2.6%至183万吨。报告中性，减产不及预期。目前船调机构显示本月目前马 棕出口数据环比增加4%，后续进入减产季，棕榈油供应上压力减小。中性 2.基差：豆油现货8394，基差128，现货升水期货。偏多 3.库存：9月22日豆油商业库存118万吨，前116万吨，环比+2万吨，同比+11.7% 。偏空 4.盘面：期价运行在20日均线下，20日均线朝下。偏空 5.主力持仓：豆油主力多增。偏多 6.预期：油脂价格震荡整理，国内基本面宽松，国内油脂供应稳定。中美关系僵持，美豆新豆出口受挫， 价格承压。马棕库存偏中性，需求有所好转，印尼B40促进国内消费，26年预计实施B50计划。国内油脂 基本面偏中性，进口库存稳定。豆油Y2601：8000-8400附近区间震荡 每日观点 | 分析师: | 王明伟 | | --- | --- | | 从业资格号： | F0283029 | | 投资咨询号： | Z ...

【文/观察者网 熊超然】当地时间12月3日，美国"政客新闻网"（POLITICO）援引据三名知情人士独家报道称，由于美国财政部长贝森特坚持 修改有关中国的措辞，阐述特朗普政府全球安全战略的两份报告文件已被推迟数周发布。 美方的这两份文件——《国家安全战略》（National Security Strategy）和《国防战略》（National Defense Strategy），原本预计在今年秋季早 些时候发布。第一名知情人士称，目前这两份文件均已接近完成，可能在本月发布；另外两名知情人士也相继证实，《国家安全战略》和《国 防战略》即将发布。 这些要求匿名的消息人士透露，鉴于目前美中贸易谈判十分敏感，以及本届政府将西半球战略优先级提升至高于以往任何一届政府，贝森特希 望对有关中国的措辞进行更多"润色打磨"（work done），因此这两份战略文件经历了多轮修改。 报道称，《国家安全战略》被历届美国政府用来阐明其总体战略重点，涵盖经济领域、对盟友与对手的应对以及军事态势等各个方面，这一起 草过程要经过内阁官员的多轮审阅和意见征询，以求全面体现政府愿景，并确保整个政府在总统最重要议题上保持行动一致。 数月以来，特 ...